How many miles does the eng have??...My first mustang, an 88 5.0 supercharged, had 110,000 miles and still ran great. If you do want to end up rebuilding it I would put forged pistons in it when you do. You may just want to get a short block that is already built from someone like D.S.S. (
www.dssracing.com). They sell a 306 that has forged pistons that sells for $1499. If you get one built where you live it will all just depend on the machine shops and how much they charge...
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On my 3rd
stang...My new baby-2001 Gt, Mineral grey, o/r x-pipe, cold air intake, lowered. Just sold 88lx all eng mods...heads,intake,gears..etc..1st
stang...heads,intake,cam,blower..never should have sold!! 11.75@115..I miss her!