Welcome to the mustang club 
I just replied to another post about performance parts you can add on and there's a few links on there you might be interested in. If you're looking to get some serious power out of a 2.3L then either a nitrous oxide kit can help or doing a turbo swap from one of these vehicles would provide a good boost in power.
'84-'86 Mustang SVO
'87-'88 Thunderbird Turbo Coupe
late 80's Merkur XR4Ti
'83-'84 Mustang GT (non intercooled turbo)
That's all i can think of, off the top of my head.
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2005 Suzuki Hayabusa GSX1300-R
1980 Ford Thunderbird - 255 V8
ported heads, 5.0L ported stock headers, O.R. H-pipe and Flowmaster 2-chambers, dual roller timing chain
hi-po Mack Truck hood emblem
1985 Mustang GT 5.0L T5, F-303, GT40p, headers, off-road h, flowmasters, MSD stuff, etc.
Sold 02/06/04 
1989 Mustang GT ET: 13.304@102.29 mph (5-24-03)
Sold - 1998 Mustang Cobra coupe, 1/4 mile - street tires: 13.843@103.41 (bone stock)
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