I can definitely say that the 112 mph governor is bs. I've got the 16 inch tires on my stang and when I had the 2.73s in my car it just cruised at 120. I was following a friend of mine, he was in his 95 SHO and I in my stang, to a Mustang car show and made a usual 30 minute trip into about 10 minutes doing 120 the whole way. Talk about fun.
Kinda interesting driving on two lane highways, half the time in the other lane cause we were passing traffic. Flat land here at the edge of Missouri and Kansas.
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FOR SALE: 1996 Mustang GTS: 5-speed, K&N, removed air silencer, 3.73s, turndowns after stock H-pipe (no mufflers), 16 inch Mustang GT wheels; 46,400 miles. $11,500