Does this seem right to you
 

Last night I was wondering if my air meter
was not performing properly. So I removed it and replaced it with my stock meter. And to my surprize it was like night and day. I gained more throttle response, the engine was more managable, it seemed to have more torque and horse power. I cant explain it but it's true. O and by the way the air meter i took of was a 73mm C&l calibrated for 24# injectors.

Do you have 24# injectors? (I know, stupid question) I hope I don't insult you by asking. Is the stock meter for a regular 5.0 or a Cobra. The electronics from the stock MAF is supposed to just carry over to the C&L. Did you do this, or do you have a different sensor on it? Maybe its the electronics (sensor) on it.

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1993 Mustang GT - March Ram Air & Pullies, K&N, C&L 73mm MAF, 3.73 Gears, Super Competition Hooker Headers, 2 1/2 in. mandrel bent cat back, High Flow H-Pipe, Pro 5.0 Shifter, 16* Timing Advance