If I remember correctly, even with 5.0 T5's, there was a difference in the speedo drive gear on the output shaft over the years. Take a look at this chart, it shows which trannys had which gear:
http://www.geocities.com/mgnedell/notchback/tech/speedo.html
Of course if you don't know what your trans came from, that makes it more difficult. You can probably pull out the speedo cable, look up in the hole in the trans and count the teeth. That's probably the easiest way.
To figure out roughly what rear end gears you have, jack the back of the car up and put it on jackstands. Put the trans in neutral. Put a mark on the driveshaft and one of the rear tires. Start turning the driveshaft by hand, and count how many turns the driveshaft makes per one rotation of the tire. If you have 3.08's, the driveshaft should turn 3 times for the wheel to make one complete turn. 2.75 times = 2.73's, 3.5 times = 3.55's, etc...
Or you can pull the rear cover off the diff and count the teeth on the two gears. Divide the big number by the little number, and that's your gear ratio. It's a bit messier than counting rotations though.
EDIT: Damn it darkwriter, I guess I took too long to type my response.
Jeff