msb2426,
The motor that was in that mustang was a windsor. Only it was a 302. The motor and trans should bolt up without a problem. As for the oil pan you need a double hump oil pan and a new oil pick up tube. Summit and a lot of others sell this as a kit to fit the mustang.
Are you going to stay with a carb or EFI?
Do you have all of the acc.? (i.e. Alt, Power Steering)
Just wait a few and I am sure someone that has done this before will reply with a little better info for you.
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