You said you've got a ratchet shifter, so I'm guessing this is an AOD car? Go with the 4.10's and invest some money into a good torque converter in the 2800 rpm stall range. Precision Industries (
www.converter.com). Along with this, you need a hardened input shaft and the biggest
trans cooler you can get your hands on. Remember, you can never have too much cooler, but if you don't have enough you'll be sorry. Also, you may want to look into a Baumann or
Trans-Go shift kit. Check out
www.alternativeauto.com and
www.baumannengineering.com for a good perspective on how to make an AOD car quick.
Which cam are you looking at? You want to make sure it's properly matched to the rest of your combo. With an AOD car, you don't really want a lot of duration unless you've got a big converter. I'd suggest no more than ~220 degrees for a street driver AOD car.
With the heads, it really depends on which set you go with. Find one that fits your goal and go with it. Do some research on how guys are running with different head/cam combinations. A good one for the street IMO is the TFS Twisted Wedge head/TFS Stg. 1 cam combo along with a 2800 stall converter and 3.73's or better in the rear.
www.jdsperformance.com has the best deal out there on the TFS Twisted Wedge Heads.
With everything you've asked about and what I mentioned to you, you'd probably be looking at a high 12 to low 13 second car on a decent tire.
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Nic Bennett
1989 5.0 Coupe ST/P #412
Faster, Lighter, and more Expensive than ever!
Moderator, American Mustang, Hardcore50, Stangtec
Co-Founder, Tri Cities Mustang Club