There are loads of mods and upgrades for the Mardave in particular but if you are doing mainly oval racing I wouldn't think these being too necessary.
I used to run Mardave oval about 4-5 years ago and it was good fun and I just ran the basic mardave chassis and standard electrics and was still very competitive.
As far as I know the oval scene hasn't really changed that much and I would think that the stuff you have is perfectly good enough to compete at club level with.
I am now beginning to get into the circuit mardave racing myself and there are a lot more recommended parts to buy that could make it quite expensive, from what I have read a Supastox is ideal for circuit straight from the box (although I have a Mardave VRXCE).
I hope this helps.
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Predator X11 '08 Lipo
Xray XB2 '20
Yokomo BD8 '18
Schumacher CAT 98
Mardave Cobra
Tamiya TB02
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