The traction thing could just be the button, if that doesn't work, you probably need something like the controller unit for it ($$$)
I would recommend a 180 t-stat first. You probably already have tranny and oil coolers in yours, but another tranny cooler wouldn't be a bad idea in your warmer climate. For power I would add a cone filter intake, 2-5" - 3" exhaust (depending on how heavily modded you go), 2.4-2.5 SC pulley, full aftermarket ignition (like MSD coils, wires, and controller), slotted rotors and ceramic pads, and that'* just to name a few.
I have the same ride (almost literally) as you so let me know what way you want to go with this and I'll let you know what I've learned about mine.