A head change, without any other modification, would probably add a very little gain in power.
According to "the yellow bible" aka DV tuning A series, the major breathing capability of a 12g295 vs a standard 998 head is sensible from 4000 rpm and up, where the curve of the std head start to drop and the cooper head continue to rise.
My idea is that an automatic engine will hardly turns so high, simply because the automatic gearbox will not allow so, it was not designed to give a race behaviour to the car but a comfort and touristic instead. Gear shifts will probably happen at a lower rpm, so you cannot appreciate the power gain.
For the same reasons, if you change the camshaft for a sporty one, you will end in an engine which is probably weak until 2000 rpm or so, ad if you think that the standard stall speed of the Tc is around 1300 - 1500 rpm, you get a very low driveable engine, almost dead in urban traffic and at standing start.
If you're searching for bolts-on and reversible modifications, i think that the automatic engine should be upgraded in the direction of a gain in general brilliance and responsiveness.
My personal formula is a stage one kit, tuned on the rolling road in order to gain every single bhp from the std engine, followed with an upgrade in compression ratio, say to around 10:1, and a good ignition system, like the 123 dizzy or the Megajolt.
Assuming that the rest of the engine is in good shape, these mods could add around a good 7 - 8 bhp, enough to perceive a sort of "rejuvenation" of the car and, more important, to save the auto gearbox reliability, expecially if it's totally std ie wthout the fwd clutch mod.
Having said that, my 998 engine has been rebuilt with a new set of Powermax "D shaped" pistons and a 12g295 head, just because i had them NOS and they were laying on a shelf getting dirt and dust. I will change the dizzy for the 123 and i will add for sure a stage one kit, the rest, from the carb to the camshaft, is original.
I haven't still started the engine, my time is low and i'm proceeding very slow, but i will report here as soon as i will be ready to get the car on the road again...