[LX5liter]

Hi Jason,
I don't think the truck pan will work. The Mustang pan has a big dip in it to clear the k-frame and rack which the truck pan won,t have. You'll have to find a pan and oil pick-up off a mustang 5.0. The tranny should fit, probably a C-4, but you will have no O.D. and you may have to get a custom length driveshaft, and an aftermarket shifter.
I'm sure some more guys will pop up with more knowledge on the subject than myself.