The difference in buy a LS1 TA or Camaro compared to a new Mustang GT with 4.6 is about $15K (CAN - 10K USD) ...
For 15K CAN the 4.6 GT can be modded to run 11.8 second quarter mile (based on MMFF article)... the mods needed are:
Exaust, Supercharger kit(complete), gears, tires, suspension.
With those mods, screw hunting down Camaros, let's go for Vipers and Porches 911TT.
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Lizard King, Bone Stock; 13.69 at 101MPH
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Extreme Burnout
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2000GT VS LS1
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Quartermile run
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2000GT vs LX Stang