I think if you're going to modify a V6 mustang, get the '99+ mustang with the 190hp engine, as opposed to the previous 145 or whatever HP engine. The 190hp 3.8L has better heads and intake, and with a supercharger, cam, porting, gears and exhaust would absolutely rip. That's about all i'd modify. I'd use one of the older ones maybe as a fun daily driver with stiffer suspension (at least upgrade to GT suspension) and not spend much money on boosting power (unless i changed to the '99+ or whatever year 190 hp engine stuff).
the V6 mustangs have potential, but i'd much rather start off with a 5.0L or 4.6L V8 because all the suspension and drivetrain is beefed up already.
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2005 Suzuki Hayabusa GSX1300-R
1980 Ford Thunderbird - 255 V8
ported heads, 5.0L ported stock headers, O.R. H-pipe and Flowmaster 2-chambers, dual roller timing chain
hi-po Mack Truck hood emblem
1985 Mustang GT 5.0L T5, F-303, GT40p, headers, off-road h, flowmasters, MSD stuff, etc.
Sold 02/06/04 
1989 Mustang GT ET: 13.304@102.29 mph (5-24-03)
Sold - 1998 Mustang Cobra coupe, 1/4 mile - street tires: 13.843@103.41 (bone stock)
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