I fitted a set of Flex-a-Form composite leaf springs to my 66 Fastback last January. At the same time, I also fitted a new 3.55 ring and pinion, a new Currie Limited Slip Diff and a new Currie Aluminum Third Member, and a new aluminum driveshaft, a new set of Koni shocks, and a new set of heavy duty rear shackles with delalum bushings... Obviously a lot of stuff changed in one fell swoop, but I can honestly say that the difference in handling in the rear end is breathtaking. The leafs are so light that the rear axle assembly lost almost 120 pounds in unsprung weight. The handling improved out of sight. Pliable, and ultra smooth yet wonderfully predictable and stiff when needed.
My best investment yet, suspension wise. I also own a Lexus ES300 with a nice IRS and the Mustang is probably 90% as stable (in the rear) I would venture to say. I have a few local undulations and bumps around my local streets that I use to do these sort of comparisons - and those composite leafs really are that good.