I'm not sure how different the 95 is from the earlier models. Did you resurface the flywheel? You're getting clutch chatter. Basically your clutch is slipping and gripping over and over again. How clean was it when you reassembled it? Did you put the clutch in the right way? There is a specific side that mates to the flywheel. As for the pedal, try lifting up on the clutch pedal. Some stangs have a ratcheting adjuster there. If not, the only way to adjust where your clutch engages is with an adjustable clutch quadrant. They're around $100. Sorry about the stupid questions.
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92 GT, 4:10 gears, centerforce clutch, 6# powerdyne blower, bbk h-pipe, flowmasters
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