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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.
What you are probably referring to is an AODE or 4R70W. Either of these can be used in place of the AOD, but to do so, you would need a stand alone controller like the one offered by Baumann Electronic Controls. Your car's AOD is not computer controlled, therefore you need an aftermarket computer. The AODE is much stronger than the AOD, and can handle over 400hp in stock form. The controller will allow you to customize your shifts. The 4R70W works the same, but has the added advantage of a wide ratio gear set.