The only factory classic Mustangs to have a rear sway bar were the 1970 BOSS 302 & 429's. No Shelby's ever did.
In our Mustangs, the front suspension does the majority of the work, that's why there is so much to be done there. Out back, just making sure the geometry is right, the car hooks good, and has enough compliance to work with the front, not fight it will be good.
Out back, I suggest the "Mid-Eye" leaf springs with hard bushings, GOOD gas shocks, 15" rims with smaller sidewall High-Performance tires (on all corners), and most importantly, make sure your chassis is solid and stable. If you have a "flexible Flyer", any parts you put on will be negated by the soft chassis. On every race-car, they have full cages which tie together the chassis to provide a stiff plattform to allow the suspension to work.
Best traction bars I've found are the weld-in underrides. They work so good, it's very hard to spin the tires, unless you have rock-hard bias plys, which only work for concours car show points anyway.