Yep, but a lot of older cars can really be brought up to modern standards with a gear change, the gear ratios they used back then was mostly to compensate for poor fuel mileage that the newer cars tech has helped resolve.
Unfortunately fuel mileage can be an issue with modifying an older car to perform with newer cars.
04 3.9l Convertible- Daily driver
94 5.0l Convertible- Work in progress
92 5.0l Hatchback- Another work in progress