is the engine together? or taken apart?
do things you can translate into a larger engine later, so its a LONG term investment.
lighten the flywheel, $60 or so, and helps alot, and fits a 701 engine
advance the timing, free. ( and easy to do since the flywheel is off)
ad a pipe, most 701 pipes will fit the 650 also.
compression is your freind, get a head that makes 185psi or so.
bore your pump reduction nozzle.
you can do this with a sanding drum on a drill, for short bux, and it makes a good difference in low end hit.
a LOW pitched impeller, solas concord or skat trak swirl.
I had a concord 12/15 on my 650 and it worked really well.
and of course that impeller will work with a larger engine too, so its not like wasted money.
a jet dynamics, or worx intake grate, basically any top loader type, the more aggressive the better generally.
my favorite rideplate is a astock plate with a 'D' shaped cut in the rear, really helps get the nose of the boat in the air.