First Mod
 

I just got a new 2001 GT 5 speed Convertible. I was wondering where to start. Suspension or Motor?? Should I hook up the turns or do all the basic bolt on to the motor, mass air, t/h, pulleys, intake along with gears, and a shifter???

I did the suspension first on mine, but it is all a matter of preference.
As far as making it quicker, your best bet is with gears, underdrive pullies, h- or x-pipe, and a timing adjuster to start.

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2000GT Atlantic Blue: Cobra R Wheels-17x9 255/40/17, 17x10.5 315/35/17, tubular K-member & control arms, Tokico 5-ways, coil overs, sway bars, strut/shock tower bars, 70mm FMS throttle body, Saleen nose.
79 Pace Car: Maximum Motorsports suspension - H&R Race springs, Bilsteins, rear control arms, chassis bracing, Draglites, 302 w/ Edelbrock Performer intake, cam and 600cfm carb, BBK equal-lengths & H-pipe, 2.5" Flowmaster 2chmbr exhaust, Al Driveshaft, 8.8 trak-loc, TCI C4 w/ 2000 stall, B&M