SHELBY GT 350 Member
Joined: Sep 2010
Location: see user name
Heard that Koni STR.T's and Tokico HP's (the blue ones) are a very decent quality and good ride, if you look around a little you should be able to do all four corners of your car for less than $400. Monroe's are pretty much garbage, but if your current shocks are blown and all you want is to drive the car again then I guess they will be better than what you currently have.
In truth, Monroe and others that you would get from your local parts store are a midrange quality stock replacement. You should bear in mind that you have posed your question on a forum which is filled mostly with people bent on doing a little better than stock replacement in most cases, so answers like mine are the sort you will mostly get.
If you want to check out the two models I mentioned, go to americanmuscle.com and latemodelrestoration.com. Both places offer those two, among others and you can also get a little discount from being a member of this forum and both ship to your door for free.
The squeaks and various noises you're hearing are likely due to worn rubber bushings. When you're ready to address all that, come back and we'll try to help you figure out what your options are.
2001 GT Convertible
All the usual bolt-on's /200 I6, C4
And a few Explorers too... 2008 4.0 XLT 4x2, 1996 XLT 5.0 4x2, 2003 Sport Trac XLT 4.0 4x4