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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.
a 245/40 will fit and look better on a 8inch wheel. And 17x8s will fit better in the front than 9s will. But I would recomend 9s for the back with a 275/40.