Your car should idle at 650 rpm or what it says on your emissions sticker. If that 750 is from the tach, it's a good bet that it's correct. What you need to do is reset the computer and let your computer relearn to idle.
Here are the instructions:
Resetting EEC-IV
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351W 89 Mustang GT Convertible
[This message has been edited by jimberg (edited 07-23-2001).]