I've been doing a LOT of research lately on 1/18th's. I've talked to some local guys who run the 18's and I've learned a bunch. One guy showed me his little Losi mini-T? Anyways, it has the Mamba 25 Electronic speed control and a brushless 8000Kv motor. He's got a ton of custom carbon fiber parts on it and the thing couldn't weigh three pounds with the battery. He runs a 2100mAh 3 cell LiPo, and that thing just cooks. He said it will easily do 70mph, but getting it there without flipping is difficult. If you're allowed to run mini's, I think it'd be awesome to watch a little mini car pass a jato 😀 Just my thought..
Now taking a savage and making it faster, that's gonna take a good bit of work. First drop the suspension, get the LRP Spec 3 .28 motor, mod it, buku pipe.. Carbon fiber everywhere, light tires, titanium linkages.. I mean, you'd have to deck it out with super light weight parts, then drop a 3 speed in it with gearing something like larsen said, 21-22 (bit it'd take some modifying as well).
Larsen here knows ALL about light weight savages. He'll point you in the right direction if you're seriously thinking about the idea. One thing I'd certainly do, is put a set of RC10/XXX-nt size shocks on it. I bolted my RC10 shocks to my savage to see how low it'd go, and it's low as, if not lower than a Jato. I think it would be quite cool to watch a savvy take down a Jato! Good luck man!