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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.
you need to have the blocked bored out, unless you have a machine shop you are going to have to send it out to get done. As for the heads to use. AFR heards are probably the best but a lot depends on your application. Maybe a set of AFR 185's would work well. What do you plan on doing to it after? Just stroking it?