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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.
supercharge and head cam and intake combo that would give u about 400-450rwhp without a tune
of course that will most likely cost at Least the whole 5k if you do all the work yourself. I would prolly go H/C/I and spend the other couple grand on suspension. You can always slap a S/C on it later if you plan for it.
I would get a turbo kit. It will give you the biggest horsepower increse. Sure......the motor probbly wont last long but then Its all up to the driver. It will last longer than you think as long as you dont rod the hell out of it all the time.