Sounds like a BLAST!!!
The shifter mechanism is likely worn bushings / broken nylon cup in the shifter, etc.. probably not worth fixing. For cooling, if you're not in an area where it will freeze now (not likely) then run a higher amount of water, less coolant. Water is a better conductor of heat. Make sure the rad is clean and clear of debris. Make sure the fan shroud is in place; it does a lot to control air flow. Make sure the thermostat is not stuck.
Suspension: heating springs = bad. It doesn't increase the spring rate but shortens the throw, so you have lower ride, less ride height, but just as soft of a spring. My advice for the super-budget-mobile? Trailering clamps. Their about $5 a set.. available at most auto stores. They're usually used to clamp open a spring to prevent them from riding too low with a trailer. Clamp one rung of your springs shut for increased spring rate. Clamp it in two places for even lower ride, stiffer rate.
w00t for having fun with an e30.. props!