5lugs...the cheap easy way.
Late model resto sells a kit for $400 to convert the basic 4-lug Fox into 5-lugs. Basically the kit uses OEM Ford components...in one easy kit with lube and misc items.
Basically, the requirements are as follows
Front (w/11" rotors): For the 87-93 V8 Mustang... 84-86 SVO or 84-92 Mark 7 front 11" rotors (either with or without ABS...doesn't matter)
Front (w/10" rotors): For the 79-86 and 87-93 4cyl cars, use the 83-92 4cyl Ranger front rotors
Optionally you can elect to replace the bearings at this time, or reuse the ones in your 4-lug rotors. Most often, they will directly swap over.
Rear: (All 4-lug drum rears) '83-'92 Ranger/Bronco II Left (driver) side axle (29-5/32") from a 4cyl or 3.0L V-6 with the 7.5" rear end, or '86-'97 Aerostar RIGHT side axles (29-5/32") is what you want. The 9" drums are off the 7.5" equipped ranger or aerostar.
Simple swap the axles and drums, and you are good to go.
Pros: Keeps stock fox offset up front and in the rear. Doesn't change a thing other than add a 5th lug. Cheap, Easy
Cons: Limited wheel selection. Front hub is the issue
List of the OEM Sn95 wheels that fit the front rotors without modification
94-96 16" Pony Wheels
94-95 17" GT wheels
94-97 Cobra 17" Wheels
1995 Cobra R wheels (OEM)
V6 Mustang wheels
Other SN95 wheels will bolt up, but you won't be able to run the center caps.