If you plan on drag racing much you might wanna get a set of skinnies to throw
on at the track to drop front end weight and aid in weight transfer at launch. But yeah I see low 12's easy on a good run if not 11's. Check out Muscle Mustang and Fast Fords Oct 2006 issue (12's Or Bust) they ran a 12.51 at 108.19 with bolt-ons.
Well our desity altitude last night was 4540 feet. Cars were not going too fast, nor do they really ever here in Vegas. I ran a 12.83@109 1.9 60ft which corrects to 12.12@115.