I think buying the engine would be a great idea. If nothing else, you could turn it and make $500 - $1000 in a week or two. As far as puting it into a Mustang, I wouldn't, but that's just me. I suggested putting it in a Vega because I do believe in Fords having Ford engines and GM vehicles having GM engines. Again, that's just my preference. The statement that all GM engines are junk was probably made in the heat of "defending Ford" passion, because we all know that's not true. There are alot of great engines out there that weren't made by Ford. The '67 - '69 Chevy 302 could run circles around the Ford 302. Enter the BOSS 302. The Max Wedge 426 Hemi would smoke the BOSS 429, but since the Max Wedge was 8 years older, they rarely saw each other at a dragstrip. One of the best overall gasoline engines ever built, IMHO, was the Toyota 22R. 300k hard miles is common, but once they start to go, get rid of them. One of the best overall gasoline Ford engines, again IMHO, was the 300ci IL6. In several of the fleet vehicles I have serviced over the years, the trucks and vans with the 300 outlast even the 460's. They aren't designed for racing, but at the NHRA Finals in 1999, I saw one run an 8 second 1/4 mile in a modified chassis. The LS1 engine is a nice engine, and I would love to drop one in a Vega, but only if the engine and the car were readily available for a very low price. Mach 1 has a very good point to consider: when all is said and done, you could achieve the same power results with a Ford driveline for the same, or less money.
Take care,
-Chris
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