Also, we are very involved with building the carb'd Mustangs. If you
are going that route, not EFI, you might something similiar to the
following. It's a rebuilt a friend just put in this Mustang, and he is
currently running mid 12's N/A at around 110 MPH..
650 Holley DP, 71/77 Jets, 45 Power Valve,
Crower 15512 Cam (222/228 @ .050 .406/.512 lift)
Weiland Stealth Dual Plane intake
Power Heads (not much different than the GT40 heads)
Mallory 140 GPH fuel pump with 1/2" lines
MSD 6AL ignition
MSD Blaster coil
MSD Billet distributor
Thats a solid combination, and a good starting point for any
302 carb'd setup..