Most of the suspension parts are the same or Mustang will work. What is unique to Falcon is the springs, (although Mustang springs can work) the steering center link, steering box, and idler arm. Mustang idler arms can work if the arm on the steering box is also Mustang. Is your Falcon manual steering?
Upper and lower control arms are the same as well as tie-rod ends.
The rear axle assemblies will interchange for the rear swap, but if he still has the 6 cyl and transmission in the car you may need a new driveshaft made. Sometimes the "cross over" U-joints will work that have 2 small caps and 2 large caps. As far as I know there are not any 5 lug axles that will fit the 6 cyl rear ends.
A good place for Falcon parts is
Ford Falcon Parts - FalconParts.com and I have found them to be competitive with Mustang suppliers. Your results may vary.
Are there any parts you have questions about that I haven't covered?