Sounds like you may have a bent fork in you trans. A new clutch shouldn't change the life expectancy of that t-5 if thats the case. Since you have to drop it to get at the cluch good, why not take a look at the forks? It could save you a total rebuild.
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1997 Mustang GT "The Freak" - 13.80 @ 101.70, 2.07 60'
1995 Honda VFR750 - not much @ really fast (actual data pending.)
1964.5 Mustang 289
Rice Haters Club Member #13
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