No, no, no.
First of all, you want a "seat of your pants" feel, which we all want when we mod our
stang.
Get the GEARS!
Sure, this is a $300 dollar mod, which is kinda steep for a first mod, but I guaruntee you will FEEL the difference! By now, I'm sure you've been noticing how the bone stock 95 GT is kind of a hog. I know, that's how mine was.
Gears bring the power to you SO much faster, and you won't want to get out of the drivers seat once you feel the difference.
Cold Air Kit = 10 hp. You won't feel that.
Exhaust = Spend 200 dollars and you won't notice a thing. Spend 800 dollars, and, well, that's a LOT of money.
Subframe Connectors = Take it from me, I didn't notice much of a difference in my 95. For the fox, its a great mod. The SN-95 doesn't need it that badly, and certainly not as a first mod.
Go with Spyder's reccomendation: 3.55 manual 3.73 auto.
Take it from me, I have almost every basic bolt on in the book:
3.55 Gears
MAC headers through no cats and Flowmasters
pro-m 77MM MAF
UD Pulleys
MSD 6A with Coil
14 degree timing
Pro 5.0
M/T ET Streets
SVO Subframe Connectors
SVO Aluminum Driveshaft
Gears make the difference!