new member with basic questions

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Welcome to the Mustangworks Jim!

I'll give my answer to 1&2 together.
The best shop manual is the original FoMoCo manual. You can get a copy from a place I like to use for parts

http://www.musclecarparts.com/paddock/

The Chiltons manual is good too and much less expensive.

There are other classic mustang bulletin boards, the competition .

http://www.mustangsandmore.com/cgi-bin/Ultimate.cgi

http://forums.stangnet.com/

and if this isn't enough to keep you busy check out this site.

http://www.courtave.net/~tschmidt/nomusic.html

Let me say you are a lucky man to get a mustang from your wife for fathers day. Does she have a sister?

-JON