Welcome aboard!
Well, where to start... Your 720 shouldn't be slow (comparatively), so I'm guessing it's in need of maintenance and a tune (at least to get it back to its former performance). We can help with that.
While it's not ever going to be a stoplight warrior or drift monster with the stock engine, the 720 is a capable little runner - in fact, one of our moderators has successfully campaigned his 720 in autocross for several years:
pezi720-s-2010-autocross-thread-nico-s- ... 86563.html
No real need to swap in a 4-speed, if you already have a 5-speed.
If you're mechanically inclined, you can certainly put your choice of powerplants under the hood - I've always wanted to build a 720 with a modern Frontier 4.0 V6, with headers and straight pipes.

For now, I'd say focus on getting her back to as-new condition.
Here's a great start - this is your homework for this week: Go to
www.datsunservicemanual.com and get the 720 service manual, and read it. Spend some time with your truck and learn where everything is, and maybe start with a basic tune up: All new fluids, clean the carb, new plugs, check for vacuum leaks, new filters, set the timing, new cap & rotor, etc.
You may find she's got a lot more spunk than you thought!