The 2.3L fuel pumps do make alot of noise, i've had 2 fuel injected mustangs ('89 5.0, '91 2.3L) and both had that whine, it doesn't necessarily mean there is anything with the pump, as long as you have correct fuel pressure i wouldn't worry about it. Also if your 2.3L is a turbo i wouldn't use a stock 2.3L fuel pump since it likely won't be adequate to feed the engine under boost. The car might even have a higher volume pump in it for the turbo. You can try replacing the fuel pump if you'd like but it will probably still make the same noise.
Edit: '92 2.3L mustangs were not turbo from the factory, chances are it has a turbo/turbo engine from a thunderbird turbo coupe or SVO mustang.
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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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