A properly built 347 Mustang can be pretty darn fast.
My only thought is on your cam selection. I wouldn't go with a 3000-7500 cam because a roller-lifter motor wont be seeing 7500 rpms. You would be better off keeping the rpms down to a maximum of 6500 or so. Also, with your combo, you may want to have a cam custom ground for your application.
Good luck with the build-up.
E
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1991 5.0 LX Coupe - 40,750 miles
331 cu. in. / Tremec 3550 / BFG Drag Radials
12.22 @ 114.31 mph - w/1.89 60'
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