79-93 were called "foxbody" mustangs, 94-95 had the same drivetrain 5.0 motor, 96-present have 4.6 liter, 94+ are all considered "sn95" body styles. Foxbodies also have hatchbacks (most common 86-93) then notchbacks like mine, with a trunk.
What are you looking for? a car that can be raced? just cruised? a showcar? racecar?
Of course the foxbodies are available in 4cyl engines? and the newer with v6's.
And to answer you last question, 94 and 95 really are almost the same, as far as drivetrain options.
and MPG is decent on v8 stangs IMO as well, just not gonna get better mileage then a 4cy import, but who cares?
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Police package 5spd 90 Lx, Stock original motor, 3.27grs, BM fan, fms 10.5 clutch, D&D quadrant, and adjuster, ADS chip, 180 stat, mac cai, mac h-pipe, mac subframe connectors, ASP crank pulley, ripper shifter, 26x10.5 M/T sport pros welds. 246 hp according to analyzer
Race weight: 3,120
E.t-13.57 with 26x10.50's e.t. streets. 1.88 60'
mph- 99.92 mph