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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.
One of the guys on our local Mustang racing forum has a 91 coupe that he transplanted an 03 interior into and an 03 Terminator motor into. The car looks pretty much stock outside, but that thing is mean. Yes it can be done. Just takes a lot of patience and some cutting.
Its not that difficult to swap a 94+ interior from what I have heard. Go for it, its definetly a way to be different without having to spend a fortune, etc.