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projectors are recommended, the main reason is our stock headlamp housing is really bad at focusing hid beams, they scatter the light and cause glare to other drivers, if you wanna be considerate and have the money buy some halo's and mod em so hid's can fit in em. so in short yes i recommend em, no they are not required, yes they are more expensive/time consuming to make work with hid's.
Also be aware that most stangs cannot pull off the projector look in the daytime.
i spent a little over 700 for everything, clear corners, bi xenon hid headlamps, and hid foglamps. To me they are well worth it, I've being able to see better at night is 100x safer no matter what anyone says. They also look alot nicer than that pathetic yellow glow ford gave us for headlights.. before it is asked, install is straightforward, finding places to tuck and hide the wires/ballasts is the hardest part heh, took me 20 mins to connect everything head+foglights