Yea its got it. After a while the clutch packs get worn out and it acts like an open rear. Get the carbon fiber clutch pac from ford racing and rebuild that sucker. That'll fix your peg leg blues.
Sweet got 3:55 gears to install but will order the clutch pack before I open her up For som reason I thought ford wussed out on the stang, my t bird had it lots of fun with a built 5.0 and 5 speed in it anyway thanks