If you run at a 1/4 mile track that gives both the 1/8 and 1/4 mile times, you can come up with a conversion that works pretty well for your car.To do this, just take the 1/4 mile time and divide it by the 1/8 et.
For example... 12.63/8.0 = 1.58
To get your estimated 1/4 et from the 1/8 mile time, multiply by 1.58
To get the 1/8 et from the 1/4 mile time divide by 1.58
My car, and most other street cars on slicks seem to hover around a conversion factor around 1.57-1.58.
Happy Calculating... 
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Mike Burch
66 mustang real street
302 4-speed 289 heads
10.63 @ 129.3
http://www.geocities.com/motorcitymustang/cmml/cmml_mburch.html
http://www.fortunecity.com/silverstone/healey/367