Check fuel pressure:
The local auto parts store may rent or loan a fuel pressure test gauge if you don't have one.
Disconnect the vacuum line from the fuel pressure regulator. Check it for evidence of fuel present in the line by removing it and blowing air through it. If you find fuel, the fuel pressure regulator has failed. Reinstall the line; leave the fuel pressure regulator end of the vacuum line disconnected. Then cap or plug the open end of the vacuum line and stow it out of the way.
Connect the fuel pressure test gauge to the Schrader port located just behind the alternator.
Turn the ignition switch on & start the engine. Observe the pressure: you should see 38-41 PSI at idle.
Turn the ignition off; reconnect the vacuum line to the fuel pressure regulator. Then disconnect the fuel pressure test gauge. Watch out for squirting gas when you do this.
Fuel pump pressure test
Disconnect the larger of the two fuel lines up by the Schrader valve. It is the return line and does not have the Schrader valve on it. Find a piece of rubber fuel hose and clamp it on the return line coming from the regulator. Stick a bolt in the other end of the hose and make sure that all your connections are tight and leak proof as possible. When this powers up, you don't want fuel squirting everywhere. Hook up the fuel pressure test gauge. Turn the ignition switch on and watch for leaks. You may want to use a helper inside the car to cut the switch off quickly if you have a leak. To trick the fuel pump into running, find the ECC test connector and jump the connector in the Upper RH corner to ground.
Caution!!! You have blocked the return line for the fuel pump! Pressure will rise very quickly past safe levels with a good pump
If the pressure goes up past 55 PSI, the pump is good and the fuel pressure regulator is bad. If the fuel pressure does not hit 55 PSI or more in a few seconds, the pump is bad or you have electrical problems.
Here are some useful tips...
I have done the tank removal three times, and the main issues are getting the car up on jack stands and getting the gas out of the tank. DO NOT try to do this job without jack stands. Becoming a pancake is not part of the repair process.
Pumping out the old gas:
If the old pump still works, you can use it to pump the tank out.
1.) Separate the pressure line (the one with the Schrader valve on it) using the fuel line tools.
Look in the A/C repair section for the fuel line tools. They look like little plastic top hats. You will need the 1/2" & 5/8" ones. The hat shaped section goes on facing the large part of the coupling. Then you press hard on the brim until it forces the sleeve into the coupling and releases the spring. You may need someone to pull on the line while you press on the coupling.
OR
View: https://www.youtube.com/watch?v=vRTjYAxvaCs
Use a piece of garden hose to run from the pressure line to your bucket or gas can. Make sure it is as leak proof as you can make it. Fire and explosion are not part of the repair process...
2.) Jumper the fuel pump test point to ground.
Turn the ignition switch to the Run position. the fuel pump will pump the tank almost dry unless the battery runs down first.
Some 5 gallon paint pails lined with garbage bags are good to hold the gas. The garbage bags provide a clean liner for the pails and keep the loose trash out of the gas so you can reuse it. If you decide to use a siphon, a piece of 1/2" garden hose stuck down the filler neck will siphon all but a gallon or so of the gas.
Remove the filler neck bolts and put them in a zip bag. Disconnect the supply & return lines by removing the plastic clips from the metal tubing. If you damage the clips, you can get new ones form the auto part store for just a few dollars. I have used tie-wraps, but that is not the best choice. Then you remove the two 9/16" nuts that hold the T bolts to the straps. Put the nuts in the zip bag with the filler bolts. Pull the plastic shield down and away from the tank. Once the tank drops a little bit you can disconnect the wiring for the pump & fuel quantity sender.
The pump assembly comes out by removing a large metal ring that unscrews from the tank. You are supposed to use a brass punch to tap on the ring so that you don't make sparks. Look closely at the rubber O ring gasket when you remove the sender: it is very easy to damage on reinstallation. If it gets damaged, the car will smell like gasoline when you fill the tank up. The pump assembly requires some twisting and turning to get it out the hole.
Look very closely at the electrical wiring. The stock fuel pump wiring can overheat and melt the insulation. Mine had some really crummy plastic tubing slid over the quick disconnects. If the wires ever got together, there would be sparks inside the fuel tank and no more Mustang. I eliminated the splice in the middle of the wiring and went straight from the pump to the feed through connectors for the wiring. It required some soldering and crimping of new tabs on the wires, but it made a neater job.
Inspect the pump mount to metal tubing bracket. Mine broke and I couldn't get it to solder back together. I drilled a small hole for a machine screw & self locking nut to hold the clamp and bracket together.
The pump is easy to get off the mount but is somewhat difficult to get back it the tank without damaging the sock filter or tearing it on the tank baffle. When you install the metal ring that holds the pump in place, watch out for the gasket O ring. Some RTV may be helpful if the ring is not in excellent condition.
The tank to filler pipe seal is a large rubber grommet. Inspect it for hardening, tears and damage. At $20 from the Ford dealer, it might be a good idea to replace it.
I used a floor jack to help lift the tank back in place. You may find that it is the only time you really can make good use of a helper.[/b]