There has always been some confusion regarding the difference between the LX and GT Mustangs, so your question is not 'stupid', at all.
The GT has the obvious plastic ground effects and assorted badges and that is about it. The 5.0 engines are absolutely identical in every way in both GT and LX. The weight difference is minimal on the GT and of course, the rear axle ratios have been discussed already.
Most Mustangs from the 1987-93 era have the 2.73/3.08 ratio...the door tag (look under 'AX') will tell you what rear gears any specific Mustang came with.
The LX is preferred by some as it was available in the lighter 'sedan' style and weighs a bit less, but others swear by the GT. It's just a matter of personal choice.
Neither model has a big advantage over the other except in weight, price difference and possible insurance cost difference, depending on the company.
I bought my '90 LX new. Cheaper, lighter and no plastic effects to crack and fade.
But that's just one persons opinion.
As Dennis Miller says: "Hey, I could be wrong".
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