Being a 65 6 cyl your engine should be a reddish orange, more torwards the red side. The
tranny should be a natural metal color. In 1966 and later all motors were painted blue.
It sounds like the original engine was replaced with a later model engine which would be blue and they put the original valve cover and oil pan (red) on the replacement blue motor. I have never heard of the trannys being painted motor colors so someone may have done that to make them match.
Your air cleaner should be red too.
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1968 Mustang coupe, Acapulco Blue, 289 2v, C-4, Power Steering.
Hopefully a 1969 convertible or Sportsroof (non Mach or Boss) for next Mustang project
Trying to find my father's 1973 Mustang Grande he bought brand new. 3F04F126773 last known registration and title was in New Jersey, 1982.