Here's a quote from a post in Apr 2001 by none other than the Bowerboy, a famous Corvette drag racer. I'll post a little follow up specific to the F1SCs later.
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With an old/stock clutch your options are limited. You will have to hold your RPM's below 3K and slip it slightly. If you had an upgraded clutch (not stock or Z06) I would recommend launching at 3500 to 4000RPM with a slight slip. The type of Tire you will use will also drive your launch.
If you are running stock tires, keep your launch below 2500 RPM regardless of clutch type. If you are running a drag radial, make sure you sufficiently heat them with a burnout before staging. Either way make sure your stage shallow.
The following is a description of staging shallow: The are 2 yellow lights which indicate the staging area. They are separated by 7 inches. When the track worker waves you up you approach the lights and as your car rolls you will turn on the top light first (pre-stage). As soon as the first light goes on, stop. Then slowly nudge your car forward until the second light goes on (staged). Stop immediately! When you launch your car, the clock does not start until you break the beam of both the pre-stage and stage lights (the starting line).
As soon as both lanes are staged (The staged light in each lane is lit), the first of three large yellow lights will light. On the third yellow light begin your launch. With a shallow stage. your car will have a few inches to begin rolling before the stage lights are triggered indicating you official start.
Once under way, quick shifts improve ET and MPH. Be sure to max out your RPMs without hitting the rev limiter. I shift at red-line minus 300 rpm. On your 1st to 2nd shift, power shifting (leaving your foot on the gas to the flow as you depress the clutch and make your shift) is not recommended do to traction. The 2nd to 3rd shift can realize a significant gains with a power shift however, this is the trickiest to maneuver (directional angle of the path between 2 and 3). The 3rd to 4th shift is the easiest to power shift.
Here are a few links that also may provide some info:
http://www.nhra.com/basics/basics.html
http://sl.rconcepts.com/
http://www.corvettechallenge.50megs.com/
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Ranger