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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.
hard to say exactly I'd start at maybe 14 deg. and drive it if it pings back it off if it doesnt raise it until
you find a happy medium. Drive it with the spout connector re-connected.
the spout connector is a little gray box about 1 inch in size.When you take it out look in side and it will have two pins, all it does it make it possible to disconnect the computer from the distributer so you can set the timing. It usually is sticking out of the wiring right by the dist.or maybe by the spark controller. I have a 94 and it is on the pass side fender. It might be taped to the outside
of the wire loom, instead of just hanging there, depends on what the last person that timed it did.