Keep this in mind - although the upper control arms (UCAs) are lowered one inch when you perform the Arning drop, your Mustang's ride height will not sit one inch lower in the front. I noticed about 1/2” drop or less on my '65 Mustang from the drop after the suspension settled, and I have heard of ride height changes between ¼” and 5/8” by others who have done this modification. The reason this does not lower the car a full 1” is that ride height is determined by the spring and shock and the relative height where the spring and shock attach to the UCA. The ball joint end of the UCA rests at a fixed height to the road and the spring assembly is positioned in the middle of the UCA between the fixed ball joint end and the lowered end. Since the height of the UCA relative to the road remains the same on one end and changes on the other, the actual drop of the car is somewhere between the two changes of 0” and 1”. So, the drop is less than 1”.
Now - all that said, if your front coil springs are ~45 years old and really shot, you could put on some 620 lb 1" lowering coil springs and the height of your car could actually rise - then you will also be replacing the rear springs.
The standard 1" Arning drop will not create the need for a negative wedge kit or anything else - however you will need to remove about 1/4" of the alignment shims from your UCAs for the alignment to be in the ball park.
Look here for some good info -
DazeCars, Shelby Drop, Klaus Arning drop, upper control arm drop, Falcon, Mustang, Cougar 60-70
I would also add roller spring perches while I had this apart........