JonnyK
I have a 72 Mach1, which for practical purposes is almost identical to the 73. It is a good driver for a classic mustang but just does not compare to modern equipment. I replaced all the suspension with Magna upgrade equipment. It handles almost as good as my 83 z-28 did now. Brakes need upgraded, interior is spartan by modern standards. With the fastback (all Mach1's) there is a horrendus blind spot. Power in original condition will probably upset you. They have good power but just don't even compare to a modern z-28 or updated 4.6. The good news is if you are willing to modify, the 71-73 platform will accept all kinds of engines from small block's to 460 based big blocks.
Now that being said, I love driving mine. It is fun to drive something that turns heads because of its vintage and styling. And being older, stepping into the throttle not only gives you a satisfying burst of accelleration, but that loud throaty sound that hasn't been muffeled by air tight cabins and sound deadners.
Be careful and think it through, get some catalogs. 71-73's are the rarest of the first gen mustangs and hence the most expensive to get pars for. If you get one, go to the trouble of finding one that is not a rust bucket. Rust is the worst enemy of these cars.
Hope this wasn't too long and hope it helped.
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