Id recommend just going with a chip. If you go this route, throw some new gears in your rear diff like 4.30's or somethin along that line to make it way fast
then just get the chip when somethin like that is done and youll score extra power, get rid of that nasty orange light, and have new gears... win win win situation
Also, do you plan on doing anything else to the car in the future? If so what?