Just my opinion, for everyone quick to jump in like a pack of wolves and debate everything I just said to all hell, just please spare me the rudeness and I will do the same.
In order to spare rudeness I'll just say I diagree with almost everything you posted and leave it at that.
OP, you've got to lay out your goals a little better. I know you say you want to be a notch below competition level, but I'm pretty sure half the guys at competitions are "below competition level" so I'll just take that to mean best bang for the buck "SQ" system. I think I know where you are coming from with regard to volume (just loud enough that you can make it hurt). Most importantly, what kind of budget are you talking about, and what is your willingness to start hacking up your vehicle?
I'll make the following assumptions since you referenced "competition level", please correct me if I'm wrong:
1) No rear fill
2) Active crossover (either via the headunit or an external processor)
3) Simple higher end head unit (no in dash DVD, GPS, big screen or other bullshit)
Here is what I would do, given those assumptions:
Head Unit
Simple headunit capable of a simple 3 way active setup (Tweeters, mid/midbass, and subs) like the Pioneer DEH-P880PRS. OR, if you want more processing power for a 4 way active you could go with something like I am using, Alpine DVA-9860( or 9861) + PXA-H701. The beauty with the alpine setup is that you are only using the head unit as a CD transport. The digital signal is sent via optical cable back to the processor where the D/A conversion takes place. This means you don't have to run RCAs through the whole car and FWIW, my system is dead quiet when there are pauses in music. No audible noise floor at all.
Front Stage
I'd do a simple active 2 way front stage. You can either pick something up with pre-matched drivers, like a set of Rainbows (I had the Profi set before), or you can put something together with "DIY" drivers like those offered by SEAS, Peerless, Morel, Scan Speak, Vifa etc. (go to
http://www.madisound.com to take a look). The "DIY" route is more cost effective and can yield the highest performance, but it also requires more research and time. The Rainbow sets I've heard have all been very good and a couple guys on here can hook you up with good pricing (3.5max6spd, 6spdcoupe).
Sub Stage
Here is where you've got to make the call on how much space you want to give up. I'll suggest a single 12 as a starting point and encourage you to research the following subs: IDmax, RL-P, FI Q, w12gti, PG RSD,
DIYMA 12
That's not an all inclusive list, but a search for those will yield enough of the "VS." threads that you'll start to get an idea of the competition at that level. One 12 can get pretty loud, 2 is obviously louder. In a small cabin like a Camaro, I think one will suffice.
Most people say sealed = SQ. Truth is, you can have very high SQ with just about any type of enclosure if it is done properly, sealed is just the easiest to do properly and takes up the lease space (aside from IB).
Amplification
If you are going active, you need one channel per driver on the front stage, plus a sub amp. So, assuming the 2-way active, you need 4 channels for the front and a sub channel. This doesn't have to be terribly expensive. I've stepped down from all Arc FD series to the Blaupunkt VA4100 and an RF Punch150 (25 to life) because I decided the money was better spent elsewhere in the system. I'd figure around $200-300 for a decent 4 channel amp.
The sub amp can be any class you want, but I'd suggest one of the more efficient classes like D, G, H etc.. On your sub amp, just go for the power you need (based on subs and enclosure) from a quality manufacturer. There are a lot of good deals in the classifieds for lightly used high power sub amps, like the Sundown SAZ-1500D as an example.
Electrical System
You need to identify what your alternator is rated for. That'll get you started in terms of knowing what your electrical system can take. If you've got a 130 amp alt, you are probably okay for a system of a decent size (not kilowatts of power), if you have 60 amp alt (just making up numbers), you are gonna have some trouble.
In either case, you'll need to determine the total current draw and then size your power/ground wire appropriately. I went with 1/0 from the very beginning because I didn't want to redo the wiring if I added more wattage. Don't get a capacitor. It is a waste of money and it will not fix anything, search capacitor and you'll find plenty of arguments.
People are going to tell you you need a new battery, or two batteries, and a new alt, etc. before you ever even hook it up. My advice is to just install it and then see if you need big electrical upgrades (remember to save money for them in your budget just in case). A new battery solved all of my issues (I have a 140 amp alt).
That was long winded, sorry. PM me if you have any additional questions.