Sure, an '86 GT can be made to handle as well as an '88. But the ride quality will be worse.
Bumpsteer is an issue with the '84-87 rear suspension. IMO, the best way to solve it is to stiffen up the rear suspension. The less the suspension "bumps", the less it will bumpsteer. You can also get a bumpsteer correction kit from RCC Specialty Products, that reduces (but doesn't eliminate) rear bumpsteer. The combination of stiffer springs/dampers and the RCC kit should reduce rear bumpsteer considerably... to the point where it'll be unnoticeable unless you're racing.
If I remember correctly, the Intrax springs drop the suspension 1.5". With that much drop, I'd suggest modifying the bumpstops. I have no hands-on experience with Intrax springs, so I don't know how well they work with KYB dampers. The safe bet would be Koni dampers. But I'm sure you already know that. 
Sway bars are a matter of personal preference. If you want the car to handle like a go-cart on steroids, then by all means use a front + rear sway bar setup. The sizes of the bars and the bushing materials will depend on how you want to tune the oversteer/understeer situation. That will require experimentation.