The only thing I disagree with on this entire post is the headers. Go with long tube 1 1/2" headers. More torque, better mileage. I have 4.30s, on a long trip I get right at 20mpg. It is more in how you drive. But doggen the crap out of it I still get 16mpg. Weight makes a big differance also.
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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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