Myself and too others here recently had the same problems. For all of us it was a faulty distributor. If you can find a used one just to swap the whole thing is the easest way. This may not be your trouble but it was ours. When you hit 3000 does the tach drop to zero? If so thats what mine would do.
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88workcar
1988 Mustang LX 342. 417rwhp @ 6800. 28 X 10 ET Drag, 4.30s, 10.69 @ 126.43 1.42 60ft. 11.13 @ 127.7 on BFGs 1.72 60ft
Rice Hater # 42
To be old and wise, You must first be young and stupid  I'm somewhere in tthe middle.
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