sounds like you should be spending your money on a clean 5.0 with less miles on it and not a bunch of parts for one thats on its last days.
It might run a lot longer, but a 140K motor is not the best choice for a performance build up. I would have it rebuilt.
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2002 GT
1993 GT (SOLD)
'93 Mustang GT
RHC member #142
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