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95's still hd the 5.0 option. I'm not sure about the 4.6 trans, but if it's off a 5.0 still, there's a much better chance of it working.
 
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the tail shaft on the 95 is longer and the shifter position will different....

it could be made to work but really isn't worth the trouble.....
 

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If you're looking for a new trans, or a T5 swap trans, search ebay. you can find reputable sellers on there selling freshly rebuilt T5's pretty cheap.
 

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It's possible to put a newer 5 speed trasmission on a 91 mustang gt v8
If you are just wanting a newer T5, any FOX type T5 will fit.
The 92 & 93 are the same as your 90/91 except they have the carbon-fiber synchros and the reverse brake feature enhancements.

The 93 COBRA T5 will fit just fine and adds the tapered pocket bearing on the input shaft.

A 94/95 GT T5 is the same as the 92/93 except for the input shaft and bearing retainer. These can be retrofitted for a clean interchange.

A 94/95 COBRA T5 is the same as a 93 COBRA T5 except for the length of the input shaft and bearing retainer. These can also be retrofitted.

A94-98 V6 T5 will FIT with the input shaft change, but the internal gears are weaker than a 90-95 GT. The gears 1-4 in this T5 are the same as an 86-99, except, of course, for the length of that input shaft and retainer.)

A 99-04 is not a good swap because the crossmember mount is in a different place and the speedometer sender is all-electronic. The gears inside these ARE a match for a 94/95 GT.

If you are thinking about a T-45, a 3650, or a T-56 you would need a custom bell housing to fit the 5.0 because these were made for the 4.6. There may also be some clearance issues with the transmission tunnel in a FOX.
 
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