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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
that really depends on your budget?? sky is the limit......full h/c/i with all supporting mods.........supercharger......turbocharger.....ec t.ect......
What are your goals with the car? Swapping in stepper gears in the rear end is usually the best "bang for the buck" mod. It'll feel like you added 100 HP.
If this is still a stock Mustang, then my advice would be to swap in some steeper gears. It's the best bang for the buck mod you can do to a stock Mustang. Is this a 5-speed or auto ?