bustafrik wrote:If I put coilovers on, better diff gears and decent semi's, am I going to break 1.15 in Wakefield?
Based on track records for the MX-5 Club of NSW, a stock NB8A is capable of 1:15s on normal road tyres. With R-specs, it is capable of 1:14s - I've done 1:14.9 in a stock NA6 with R-specs (and perfect conditions), and NBs are quicker. Add in coilovers and an NB might see 1:13s. Whether or not you can achieve these times is another matter.

If you have a 10th Anniversary Edition NB from 1999 or Heritage Edition from 2000, it is likely to have a Torsen LSD, but all other NB8As in Australia had open diffs. To test your diff, park with one rear tyre on gravel and the other on tarmac, then accelerate fairly hard. Open diff will spin on the gravel and you won't get very far. LSD will allow you to pull away fairly smoothly as you'll get some grip on the tarmac wheel. Of course, you should only do this test where it is safe and legal to do so.
Another diff test is to jack the car so both rear wheels are raised, then with the car out of gear and handbrake released, turn one wheel by hand. With a Torsen LSD, the other wheel should rotate in the same direction. With an open diff, the other wheel should turn in the opposite direction (or not at all).
As far as I'm aware, 16" wheels were not standard on any 1999 MX-5s. Pretty sure all NB8As came with 15" wheels. The 16" wheels arrived with the NB8B in late 2000. Post a photo of your car, and it will quickly give us an idea of what you actually have.
As for diff ratios, my advice would be not to rush into it. Changing the diff is only really advisable if you want to match your ratios to a certain track layout in order to avoid an unnecessary up changes, or give a little more punch out of other corners. I suspect you're a very long way from that point at the moment. I believe that changing diff ratio will change the speedo calibration on an NB.