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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.
Blue is right.....you don't stand a chance against the ls1.......if he mods it, you'll still be playing catch up........and a gt-40 set up won't cut it vs the ls1 expecially if he mods it....but that is subjective to what mods he does as well.......
Find a complete 8.8 rearend with gears already installed on Craigslist. I've seen them for $150-250. Best mod you can do for a stocker. And being a stock AOD, the steeper the gear, the better.