When you replaced the front suspension did you do the Shelby/Arning drop? Even the 1" drop is an improvement as it puts the tires flat to the ground for better steering and contact patch.
I went with 4 1/2 mideye leafs on the rear of my '67, ride is firm but not harsh with KYB GR2's all the way around. Replacing the worn out leafs on the rear was a vast improvement for the front as the rear no longer 'pushed' the front in a sweeping turn, I used to enter the interstate all twisted with my nose pointed right but tires straight. I also used poly bushings on the leafs with generous amounts of lube (dielectric grease). When I can afford it and if my skill requires I'm looking at upgrading to Koni or Bilstein shocks I've read they're worth the money for the improvement.
Here's a good article to get you started, explains the suspension shortcomings and upgrades for these cars:
DazeCars, Suspension 101 DazeCars, Ford Galaxie Mustang tech and restoration
Jon
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'67 Coupe 289 C4, Candyapple red w/red deluxe int., PS, ext. decor group, light group, foxbody seats.
Next to install> stroked 333, AOD, 9" w/3.50:1, PDB.
'09 Black Warriors In Pink with glass roof - the wifes Mustang.
"If it ain't broke, I haven't fixed it yet" -Jon