Wow! Thank you everyone for the fantastic responses!! I knew that FE fans were a tight group, but this is more like family.....outstanding!
The car this engine would be going in doesn't run bad, but the factory 390 leave a lot to be desired. It will rev to 5,000, but there's no point, as it stops doing anything interesting past 4,000. It's frustrating to drive on the highway because if I get on it, it will down shift and it's done. My only option is to lightly squeeze the throttle to get much past the speed limit....on a state highway, not even interstate speeds. In town it runs just fine, plenty of low end and a pretty steady idle. It's got a manual choke, and if left sitting for a few days, it takes a routine to start it up. If driven every day, it starts real nice.
Here's the deal - The car was to be left to my wife and me in my father in law's will. Instead, he gave it to us early, as he needed the garage space. Until I "make it my own," it will always feel like I'm babysitting his car for him. The car is in good shape, but not a show car. It's better than a 20 footer, in fact it's probably a solid 10 footer.....a good car for "local" car shows. Although it's become cliche', I am really wanting to put the Shelby parts on it, as the '67 GT500 is one of my favorite cars. With the Shelby "look" it had better be able to back it up. Even if I don't put the Shelby fiberglass on it, I still want it to be a strong runner. My wife and I have (I apologize for mentioning a different brand) a '12 SRT 392 Challenger, and it is amazing....the perfect blend of performance and driveability. I would like the Mustang to be able to hang with it, all things considered. I know that it won't hang top speed wise or handling wise. The handling can be improved but at great cost. I will not be auto crossing the car, but I do want it to be a better handling driver than it is. The SRT has a theoretical top speed of 182....I never plan on taking either car there, so I'm not trying to replicate that. What I want to replicate is the seat of pants feel, and more importantly, the flexibility of the powertrain. With the torque the 445 would be putting out, and the lighter weight of the Mustang....I am hoping that the Mustang should be able to hang with, if not out perform the SRT during regular driving. That being said, I do realize that the SRT has 40 years of technology on its side. I will gladly sacrifice HP for driveability.....but with 445 cubes, I think I should be able to get both. Your responses below have given me great encouragement! I wish I had the $$ to simply just buy a complete, dyno tuned engine. I don't....but I should have the money for a short block, or maybe even a long block. I have a trusted local mechanic who could handle the install, and if needed, finish the assembly of the engine. I could always look into the shops in Albuquerque (about 100 miles away) if my local guy is uncomfortable. I am wondering if adding the stroker kit and aftermarket goodies to my existing block would be a viable option as well?
Thank you for all of your help.....great forum!