This is what I would do.
92 Civic hatchback CX/DX
B20 VTEC with higher compression, new valve train, and new camshafts(JUN, TODA).
Hondata engine management.
This guy at my work claims to run mid 12s on street tires with fully built B20 VTEC in a CRX.
You should also check out www.clubsi.com . There are a few informative threads if you look really hard. www.honda-tech.com' seems to be quiet popular thesedays, too.