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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 can run 10psi no problem, just make sure you get a good conservative tune and a Rev limiter so you dont blow it!
Also you said it had less than 2000 miles on the charger... arnt they suppose to be rebuilt around 3000 or so..
Hey is your stang white and do you live near Wearing road at all?