Ok... Let's see what I have to offer.
1)Aero advantage? Not really. If you were to look at a side profile of both the coupe and HB, you would see they are remarkably similar. (My rendition for the new car was a very slight modification of my old drawings) The coupe gets a ever so slight advantage because it does not require the spoiler in back to help the rear, but I've driven the HB with and w/o the spoiler, and noticed no real difference. And if you remove the spoiler, you save another 10 Lbs off the back of the HB, making the weight that much closer.
2)The twin plug head was available in the Mustang from 1991-1993. The computer catch code for the manual transmission and MAF system is C1A1. The D1 code refers to the automatic, although it could be used in a pinch.
3)Updates... the 93 had the best refined (of the Fox Mustangs anyway) K-frame pickup points and front suspension, the bigger brakes, the chassis reinforcements (driver seat and door openings notably), the mass-air, the dual plug head, and you can still find one owner versions of them for cheap in nice shape. Now a lot of the upgrades were done "on the fly" so really anything from 87-up can be modified without any work. My old 87 had all the 93 updates, save for the seat brace, but since the floor never cracked, and the seat was bolted to the cage, it didn't matter. Almost all 91-93's are identical, save for a couple minor movements of things in the front suspension. Earlier than 87 and you start getting into needing uprights, racks, brakes, etc... to make them the same as a 93 (if that is your goal)
4) Finally, I want to say if you have a coupe or HB, any year, you can bring them up to the same spec as a 93, and although I'm building a coupe this time around, the HB I had for 8 years was a nice combo, and had the added advantage of easy storage of stuff in back. (Something the new car sorely lacks) I am partial to the newer cars because I like injection, but if you want to go carb, there is no reason why you can't start with a light 79-82, and build from there (they are considerably lighter than the later cars). I needed a more "turn-key" solution for my new car, hence my decision to get a 1993. I just don't have the time anymore to go play at the U-pull digging through cars to get each piece individually, saving a minimal amount of money in the process.
Anyway, HTH, back to construction of the new car! (New seat would look better in the car than in my den!)
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-Marcello Canitano
www.SilverHorseRacing.com