OK, a few basics - applicable to almost all 1/12th cars

1) gear ratio you posted means squat without knowing tyre diameter - visit gearchart.com and aim for around 45mmpr with 6 cell stock (40 if it's a smaller track)

2) tyres - purple fronts and grey rears are the de facto standard - there are some exotic variations

3) ride height - min 3mm all round, 3.5 is better, but 4 is starting to get too high

4) change the kingpin springs from kit (20) to 18's

Learn to driver before you try to drive fast - 1/12th on carpet is not drifting!