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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.
I suppose technically, you could but it would be pointless. The valvebody will do everything the shiftkit can do and then some.
Installing a nice valvebody and then installing a shift kit is like taking your old tire with a nail in it, removing the nail, buying a patch kit, installing a brand new tire, and then patching the new tire.