All good advice above for the Gen II. As stated by others.
Gen II Valve springs are too light for nitrous. They will eventually spit a shim. If you touch the limiter on spray with stock springs, your in trouble with a 50 shot. You will probably be ok on a 30. I don't know anyone who has kept the Ti valves when switching springs. They might work, but Stainless valves are known to work just fine. At big shots over 100 hp, you really need to modify valve seats, change cam timing, and change rods, but for a 50 shot, just change the valves and springs.
Fuel pumps are good for 40 hp when new, but they eventually get tired, and are affected by heat (don't know why) so anything over 30 is shaky. I have 3 of them on the shelf that are dead. They will not supply enough for a 50 shot safely, and if someone tells you it will, ask them for logs of there fuel pressure and air / fuel.
Gen I busa's have heavier valve springs and less lift (stock) so they handle more spray without taking the head off.