There is a lot you can do BUT you must follow the rules set forth. You have to use the wheels and axles(nails) in the kits. If this is a scout race, I think they only allow boy scout approved kits. The biggest thing is to work on teh wheels. body shape can help but a wedge is not always best. The winner in my area last year(A girl scout btw) Got a scale speed of over 235 mph. My daughters car got up to 227. You do this by using powdered graphite. You put the axle in a drill with the wheel on, get the whole thing spinning and start squirting graphite into the wheel. Keep it going like this until you got a good coating inside the area for the axle. Do not polish off the axle, all this does is remove the graphite and your car WILL run more than 1 race. Also, you can't narrow the wheels BUT you can sand them to remove burrs and edges just a little and make the wheel smoother. Fine sandpaper on a hard, flat surface is all you need. Lightly sand the wheel. Do not take too much off, a larger wheel is going to spin slower on the axle and wear off less graphite than a smaller wheel will.
the idea is to not be THE fastest but to stay fast longer for a duration of races.
Weight placement, I am not sure on. I am not sure if it really makes that big of difference. My daughters car had a open cockpit cutout and I mounted the weight there. It all pretty much fit in the cut out. I would worry more about putting the weight on the bottom. If you cut out and area there, make it deep, not wide. A wide slot might catch on the guide rails.
Also, make sure you take graphite with you. Put a bit on before the weigh in and spin the wheels some. You also get to relube 1 time if I remember right. Do not just put in graphite, It must be spun to break down otherwise it will slow you down.
last year was my first year but my father in law helped and he has active in scouts for years with his sons.
My daughters car(mostly mine but then she was 5 and in daisy scouts)was overall 4th fastest once averaged.
this year I was thinking of making temp hubcap and filling them with graph and spin them to see if that helps.
Just what I was shown last year but it seems to work very well.
And yes, the girl scouts raced the buys. Why not. I suppose if you were in the boys and got beat by the girls 2 year running(both years they raced each other incidentally)you might feel different. But I think it is a good thing.