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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.
for the front end of the car, you can use a k member kit with coilovers. I think it pull somewhere close to 40 pounds off the car. Lightweight rear suspension, pull back seats,change to manual locks and windows. get rid of power steering, smog pump, A/C unit, and try to put on fiber glass piece of body work you can find.