For the conversion you will need a Z rated T5 from Summit or a Tremec,
C4 tranny mount,
T5 conversion crossmember,
bellhousing and clutch fork from a 5.0 Mustang,
28oz 156 tooth billet or aluminum flywheel,
Hydraulic or Clutch cable conversion kit,
I am assuming you have the correct pedal assembly.
C4 tranny yoke will work with the T5 and you will have to shorten the driveshaft 3/4 to 1 inch.
New King Cobra Clutch Kit for a 5.0,
notch your tranny tunnel slightly for the shifter,
rig a shifter to fit the T5 or buy one that fits like the old style,
correct speedo gear,
and 3 quarts of Delcron ATF.
If you are doing it yourself PM me,
What am I forgeting?