and here is some free advice that you did not ask for, but I wish someone had given me about 5 years ago:
If you are going to get into autocross and road-track racing and you want to be competitive, consider buying a different car instead of putting money into the one you have. The S197 is big, heavy, and cumbersome by today's standards; plus with the V6 you are way down on power-to-weight ratio. Autocross definitely favors lighter and more nimble cars. On the road track you can make up for that with horsepower to some extent, but that V6 just ain't gonna do it.
My trajectory with road track went something like this: first it was a "bucket list" item, I just wanted to drive my Mustang as fast as I wanted on a track, just once. But I was hooked right away, it's like Lay's potato chips . . . so I started doing "track days" and SCCA Track Nights . . . at first I did not time my laps and it was all good fun. But then I wanted to see how I was doing; started timing my laps and taking track videos. Now the goal is to reduce those times. Yes driver skill is a big factor, but the car does matter too . . . so very quickly I was buying new tires, brakes, springs, struts . . . the list goes on. So then I decided to try SCCA "Time Trials" which is a stepping stone between track days and "real racing" -- they time your laps and rank you against comparable cars. So now those lap times really matter . . . and mine basically suck. My car is classed with much more capable cars, for example the later Mustang V8's that have 100 more horsepower. Also I am amazed at how fast VW Golfs, Honda Civic R's, and FRS/86 are these days. So now I am looking at spending a bunch more money on better tires and other things, on top of questioning my skills and needing more seat time.
If I had known then what I know now, I probably would have bought a Corvette or some other more track-capable car . . . or quit right away after I checked-off the bucket list..
So anyway, just be aware of this likely trajectory . . . if you can do it "just for fun" that's great, just don't time the laps! ;-)