Hi,
First mod I've done was the Dali Racing chip on my 94. I dynoed the car before and after and the net result was about 5 HP difference throughout the most of the RPM-range with a peak of around 7HP. I've recently done Taitec headers, exhaust and Cantrell AIS but have not dynoed the car with that yet.
It is said that a chip will give more gain with IHE updates installed than without but then again, it is much less expensive or labor-intensive upgrade than IHE. Which was the reason why I did that first. Another thing is of course than reversing the mod is just as easy.
If you are going to do IHE anyway, I would do the chip for sure. It should give you the most out of the IHE upgrades.