Let me help you clear this up. The '88 Bird is a roller engine. Not an H.O engine, but a roller engine none the less. For good power, easy to upgrades....
Install the H.O cam
Install the E-7 heads
Install the Mustang headers and H-Pipe
Have the dual exhaust installed
plug in a Mustang GT Speed Density computer and 19# injectors
The H.O intake or other aftermarket intake (Explorer intake is cheap and well worth the $125 or so to get one)
You don't need Mass Air or harness upgrades. The Sped Density computer wqill work as a plug and play with the parts I listed above.
The Thunderbird has flat top pistons. So, I'd stick with the H.O cam. The TFS-1 cam will more than likely need pistons with valve reliefs, otherwise, bent valves or other damage will probably happen. I have seen the H.O cam and GT-40 heads work with good springs installed. I had an E-303 with flat top pistons and ported E-7 heads. It worked great, although it probably was really close with piston to valve clearance. For the TFS-1 cam, you need new pistons,or cut the notches into the current pistons. There are different methods of doing that. Very time consuming, but can be done.
To just do the H.O upgrade as I stated above will really make the car a lot more fun than you might think, and the flat top pistons accept that work easily.
All of the stock Stang parts are cheap and easy to find. Install the cam and heads as I said, and an explorer intake with a 65mm t-body and have a lot of fun.
I's also, at some point, swap the gears. The Bird has a 7.5 rear with 2.73 gears. An 8.8 from a Stang is a direct swap, just install the brakes and axle shafts from the Bird onto the 8.8 and go play. If you have any questions at all, my email is
[email protected] I've been through about everything with my '88 Bird and can help if you need it.