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to answer the op - with your type of money, the only real poweradder setup youre going to be able to feasibly put together is probably a used vortech setup. otherwise - $2500 would make for an excellent set of trickflow 2v heads and custom cams - you can always add the matching intake later if you want. that should have you sitting at about 350 rwhp.
 
I would agree that a used vortec kit would be the best bang for your buck. You could start with suspension then beef up your driveline then save the motor for last and have a great car as suggested. It just takes a long time and alot of patience. In the end you get alot more peace of mind with that but I say just have fun with it, put on a blower and have a blast. ( just not a BOOM like Sharky.)
 
My 2 cents:

Ford Racing M-4602-J - Ford Racing Driveshaft $299,95
Trick Flow Specialties TFS-K51864075 - Upper Plenum and Throttle Body Combo+Air Intake $449.95
Precision Universal Joint 254 - Precision Super U-Joint (x2) $15.50 (x2 = $31,00)
Summit Racing 14-0066 - Summit Racing® Ring and Pinion and Differential Pro Pack (Ring and pinion, Differential Track-Lock and Install Kit) $526,24
Ford Racing M-6375-R00A - Ford Racing Flywheel $419.95
Zoom Performance Products MF48-1 - Zoom MF Series Multi-Friction Clutch Set $255.95
Davis Unified Ignition 4.6KITBK - Ford 4.6L Firepower Ignition Kit $307.00
DiabloSport U7146 - DiabloSport Predator Flash Programmer $299.95
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TOTAL : $2589,99

I went over budget, I am so sorry :p
 
thats a very expensive way to go. do u really need a driveshaft or trickflow?
and wouldnt the sct with free bama tunes be better?
 
thats a very expensive way to go. do u really need a driveshaft or trickflow?
and wouldnt the sct with free bama tunes be better?
Trickflow has a kit which includes plenum, throttle body AND air intake in one package for a pretty sweet deal IMHO. SCT, I reckon you got a point there, I use SCT Xcalibrator myself. But I tried to cover the basics with the budget I had. As for the driveshaft, it's stronger then stock, it's lighter then stock and stock isn't balanced, but if you take away the driveshaft and the U-joints, I reckon you can take the SCT Xcalibrator, and perhaps even get some dyno time, although I'm not sure how much that costs in the States.
 
There's one question that has to be answered before you spend a dime on modding a modular 4.6 Mustang. What do you want it to do? And the answer to that question could be a few very different things. You may only care about killer corner-carving. Or maybe you only want to do drag-sprints from a dead stop. Maybe you want to be able to walk away from anything at a highway-speed punch or perhaps outrun anything from red-light to red-light. Or maybe you aren't the racing type, and you only want a little extra get-up-&-go. You have a certain amount you want to spend today, but how long to you REALISTICALLY plan on keeping this car and how do you see it in the future? Open-track race car you can drive on the street? Trailer-queen drag-racer? Mostly stock Mustang with CAI, Catback, shifter and rear control arms?

To give you an idea, I built the car in my avatar up to be a 600RWHP open-track superstar. The car had EVERYTHING, and I spent six years shopping for deals on the web for every part in classifieds, group-buys, ebay, etc. I still had almost $30K invested...and that isn't counting the measly $4,400.00 I paid for the car. You should start thinking about how much you want to spend in the long run.
 
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