Personally, I like the 65-66 fastbacks more than the 67-68's but it really comes down to a matter of preference as both are great cars. You asked if the 66 fastback is a prized mustang, and the answer is yes, it definitely is! I'm not sure how they compare to the 67-8s as far as production numbers, but I do know that ford made and sold considerably less 66 fastbacks then they did 65's...and fastback cars in general are getting tougher and tougher to find.
Since the car is is missing a drivetrain, chances are you'll score a pretty good deal on it, just make sure you inpect thouroughlyy for rust (floors, wheel wells, door corners, trunk lid, etc) and previous accident damage before buying. This is a serious problem in classic stang, or any classic for that matter.
As far as originality is concerned, you can pretty much do anything you want with it. If power is what you want, you can have it, or you could just as easily restore it back to original specs, what ever you're into (as long as its tasteful..lol). Either way you'll have a fun car that turns heads wherever you go and will always be going up in value...not bad.
Good luck!
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1965 Coupe: 351W, comp cam, Aluminum Systemax II heads (2.02/1.60), 1.7 Cobra full roller rockers, Edelbrock intake, Holley 650 double pumper, Mallory Unilite, MSD-6AL, MSD Blaster 2 coil, MSD heli-core plug wires, Hedman headers, 2 1/2" exhaust (GT style) w/ 40 series delta flows, 69 C4 w/ shift kit, shelby traction bars, 3.55:1 rear
Daily Driver:
1989 GT- 5spd, K&N (no silencer), Shorty Headers, King Cobra Clutch, Flowmaster Force II Cat-back
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