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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.
keep the one that it came with as its a different weight as the 302. If you do any significant changes to the block (different rod or pistons) you should get the block balanced by a good machine shop. Last thing you want is to put the motor in to find out its going to vibrate itself to death.