to change the gearing, you can add a smaller/larger clutchbell or a smaller/larger spurgear. It would probably be easier to change he clutch bell. you will want to add a larger (more teeth) clutch bell for higher top speed. This will lower your acceleration though so don't increase it too much.
I'm actually not sure exactly how bug the 24.7 is. I'm assuming it means .247 cubic inches where as your engine is a .21 cubic inches. A screamer is just a term, it means a very powerful engine. I think (hope) you know what having more power means for your performace/speed. Yes, the 24.7 will be more powerful as it is bigger and is rated higher in HP, 2.6 HP. I think your .21 is about 2.3 HP iirc. The 24.7 is a direct drop in, it was designed for buggies-comes in the X-Terminators.
I don't really know what tuned would be a good one but a lot of people like Ofna's tuned pipes for buggies.
A two speed will increase your acceleration because you will have one low gear ratio-giving you high acceleration, and will increase top speed because you will have a higher gear ratio for you 2nd speed.
I think I answered all your questions, did I miss anything?