I have an 88 GT also and what helped me the most was......I purchased some steeda underdrive pullies and installed an off-road X-pipe....These two mods knocked 6 tenths off my 1/4 mile time and I picked up 4 mph.
I think that a shift kit and a good stall converter is where I would start and then move on to some 3.73 or 4.10 gears and then pullies and off-road x-pipe and you should see 13's..
You would be surprised how good the 87-88 mustangs run with just bolt ons.
If I had to narrow it down to just 3 mods I would say
1.gears
2.off-road x-pipe
3.shift kit
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92' LX-Big brakes, Lots and lots of suspension, GT40X heads, Ported cobra intake, stock cam, Vortech SC trim.
00' Lightning-Stock
88'CRX-13 second ego killer
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