Mystery Solenoid.........

Are you sure it's not just the contacts on the ignition switch getting worn out? (The electrical portion, not the lock and tumbler half of the switch, of course.) Just a thought.

From the No Crank checklist for 5.0 Mustangs

Jump the big terminals on the starter relay next to the battery with a screwdriver - watch out for the sparks! If the engine cranks, the starter and power wiring is good. The starter relay is also known as a starter solenoid.

Then pull the small push on connector (small red/blue wire) off the starter solenoid (Looks like it is stuck on a screw). Then jump between the screw and the terminal that is connected to the battery. If it starts, the relay is good and your problem is in the rest of the circuit.

Remember to check the ignition switch, neutral safety switch on auto trans and the clutch safety switch on manual trans cars. If they are good, then you have wiring problems.
Typical start circuit...
Diagram courtesy of Tmoss &Stang&2birds


See http://www.autozone.com/images/cds/gif/large/0900823d80195963.gif for 88-90 year cars
See http://www.autozone.com/images/cds/gif/large/0900823d80195964.gif for 91-93 year cars.
See http://www.autozone.com/servlet/UiB..._us/0900823d/80/1d/db/3c/0900823d801ddb3c.jsp for 94-95 model cars.

Starter solenoid wiring for 86-91 Mustang



Starter solenoid wiring 92-93 Mustang or upgraded high torque mini starter.