Rerun, what i tend to use:
on fronts: a brake piston retractor. they are a few bucks at the parts store and work well. i have used thumb power or pliers before. do clean and grease the carrier pins that the brake calipers slide on - if they bind, the brakes will drag, overheat, seize, etc. pretty important.
i use synthetic grease on those pins after cleaning them (steel wool or scotchbrite pad, carb cleaner, etc).
for the rears, they make special brake shoe tools. i dont have any - i use needle nose pliers, linemans pliers, screwdrivers, etc. just whatever makes sense. i have never bought the right tools for the job, so i dont know how they work - i bet they are nice.
ill add: in regard to pads, i have been running carbon metallic pads and like them pretty well. i might do some online searching about them vs semi metallic or organic pads - i did and chose the C-M. note that i have not tried them on the stang - i run them on the 4th gen Camaro. seem pretty nice. i have not gone through a set to give long term opinions.
BTW, Autozone sells the pads for ~30 bucks here.
you will want to use some grease on the contact points on the shoes too. clean the backing plate up real good first. also whip out your repair manual and/or do one side at a time. it is easy to forget how springs go. and get a spring kit for the rear - worth the money to put new springs in there, IMHO.
good luck bud. you sure have a nice lookin ride.