-2 swinger and drag racing shouldn't be in the same paragraph. That sounds like a violent ride.
As mentioned; a drag axle will help a lot with weight (both static and rotating.) You could also ditch the radiator if your running alky, though it doesn't sound like you are. Drag cut the wheels, run spindle mount front wheels (ditch the front brake),drag a-arms, drag steering stem, smaller fuel tank, cut all tabs and brackets off that aren';t needed. Lots of stuff can be cut off. Do a search - there are some pics out there.