the way the T bucket car closes and passes the other cars once you get up to speed and are not dealing with traction issues suggests the cars got decent power potential ,once the engines above about 4k rpm or so, and starts to breath effectively, (by the engine sound also), and that your not able to put that upper rpm power, you access once you build rpms, effectively to the pavement at the launch and first 100 feet or so of the run (you would get to the effective power curve faster with a 3200 stall converter.)
this suggests that your either not getting decent traction as the wheel spin also suggests or your stall speed could be higher ,but because you have that wheel spin and no big bog or loss of power, and listening to the engine, I think you need SLICKS , or at least play with tire pressure to get full contact,patch on the pavement, current air pressure may be too high,and maybe some suspension work to increase launch traction, and i don,t know what rpm the trans shifts at but it sounds like its shifting below about 5700rpm