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I'm pretty happy with the 87 Thunderbird Turbo Coupe T5 I put in using v-performance.com's adapter plate. It's interchangeable with the Mustang trannys.
You have to use a Ford clutch disc, throwout bearing and, depending on whether you use a T5 that was mated to a 2.3 Ford 4 cyl. or a 5.0 Ford V-8, you use either the Volvo or a Ford pilot bearing.
You hve to fabricate some minor parts, the most critical of which is the modification of the shift fork, but it can be done with a drill and a file and some hardware store metal. Ctandard crossmember works fine.
The Turbo coupe tranny,has tighter ratios, very closely matching the ratios of the m41. The 5.0 tranny would give you a ~10% higher top end.
You have to have the Volvo Driveshaft mated to the Ford tranny yoke. It had to be shortened from my m40. I had a driveshaft shop do it about $100 with new u-joints.
Pretty much any ford tf from this chart will fit:
http://www.fordmuscle.com/archives/2000/09/t5swap/index2.shtml
Note the input shaft lengths and piot diameters.
2.3 trannys are usually cheaper and not as beat up as the Mustang ones which typically get pounded to bits.
Be sure to have the output shaft bushing replaced in a used tranny before you install it. I'm pulling mine to have that done.
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