Go for it man. Not only that, but do it soon, and bring her down to Carlsbad on 9-14. Get it looked at by a good Mustang shop, and let me know what you find in the way of those that do mod motors.
Insurance might really suck for that car, unless you fail to mention its blown.
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1997 Mustang GT "The Freak" - 13.80 @ 101.70, 2.07 60'
1995 Honda VFR750 - not much @ really fast (actual data pending.)
1964.5 Mustang 289
Rice Haters Club Member #13