Step one...
Dump the codes and see what the computer says is wrong…
Here's the link to dump the computer codes with only a jumper wire or paper clip and the check engine light, or test light or voltmeter. I’ve used it for years, and it works great.
See
http://www.troublecodes.net/Ford/
OR
See
http://www.dalidesign.com/hbook/eectest.html for more descriptive help
OR
See
http://www.mustangworks.com/articles/electronics/eec-iv_codes.html
IF your car is an 88 stang, you'll have to use the test lamp or voltmeter method. There is no functional check engine light on the 88's except possibly the Cali Mass Air cars.
Codes have different answers if the engine is running from the answers that it has when the engine isn't running. It helps a lot to know if you had the engine running when you ran the test.
Trouble codes are either 2 digit or 3 digit, there are no cars that use both 2 digit codes and 3 digit codes.
For those who are intimidated by all the wires & connections, see
http://www.actron.com/product_detail.php?pid=16153 for what a typical hand scanner looks like. Normal retail price is about $30 or so at AutoZone or Walmart.
Step two...
Fix what the computer spits out for codes.
No codes - doubtful, since many owners delight in disconnecting the smog equipment, wrongly thinking it will make more power.
High NO figures are the result of high combustion temps. Some gasahol or ethyl alcohol added to the fuel may help reduce combustion temps, along with retarding the timing.