MustangWorks.com : Ford Forums - newy with an 87 5.0 gt 5spd.

I'm in the process of bringing an '87 GT up to
good road-worthiness...brakes, exhaust, wires, paint ect...have had it a month.(its pretty clean as it is)
At 140,000 miles, I know a rebuild is in sight, though it runs strong and quiet...smooth idle, and an instant starter.
It appears I need to get an adjustable quadrant and clutch cable (short throw on a year old clutch)
The front end needs to be tightened up...noisy..
A slight clank in the rear-end says it's got 140,000 miles on it.
So...we all have a budget, mines slow and tight.
I know when I rebuild, I should probably convert to mass-air, ...(seen a rebuild with a cam and increased headers, that wouldn't run right with speed density).
Most Bang for the buck here...It'll go to the strip a couple of times to prove out against my friends' 350 Nova...boasting rights..... Then it'll be a week-ender cruiser....but again, I wouldn't want to be shut-down by very much, stock out of Detroit...
So?
Stick with the 302 and a .030 bore, heads, mass-air, mild cam and some low cost trick stuff...or go for a freashened stock 351w, and some low cost trick stuff ?
What about the 5-speed in it now....(shifts clean)
What to worry about if you bolt in a 351w..or is that possible with-out getting the torches out, and spending the winter fretting over a bunch of things to get it right?
Little stuff here.....
what color is the 87 302 block?? (paint)
where do you get a stock-height hood liner?
Used Mustange parts?
I've hit every yard with-in 75 miles of here, and the only GT there was left...was striped clean...
Motown apparently loves Mustangs....<g>
thanks....