There are many ways you can go with this. What year is the block? If it is a 1994 or newer its a roller block, which is the best in my opinion (early 70's are the best for strength)
I am very partial to a 408 stroker (see my sig) You will need to upgrade the tranny and rear end to support the power, upgrade the suspension to get it to hook, add subframe connectors to keep it together, etc...
Biggest thing is have fun with it and drive it like you stole it!!
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-Kevin
1987 Mustang Notch
408 Roller Block, Scat rotating assembly, Windsor senior heads, Lunati Voodoo cam, Victor jr intake, BBK longtubes,
C4, Transbrake with full manual reverse valvebody.
Granatelli tubular K member, A-arms, Coilovers and Strange adjustable struts.
Auburn locker rearend, Moser axles, Lakewood traction bars, Competition Engineering adjustable shocks.
4 point cage.
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