too much to ask?

If you swap a 2.3 Turbo it's easily possible. Plus it'll be listed a non-turbo on insurance so that won't be an issue.
But if you wanna stay non turbo ...
-Get a 1991-1993 5-speed because they have 105 HP as compared to 1987-1990 with 88 HP.
-A notch/coupe is best IMO because they are a bit lighter than hatches.
-Long-tube header from Racerwalsh.com
-2 1/4" or 2 1/2" exhaust all the way back. (Your choice Cat/Muff combo) Youll need intermediate pipe made at a local shop. Pick up a 2 1/4" tailpipe from a 5.0, or if you choose 2 1/2", try MustangsUnlimited.com or TexasMustang.com.
- 3.73:1 gears for acceleration's sake.
-Home-made CAI with K&N (Part # RU-3130)

Beyond that ... any takers? Hope this help!
 
so pretty much get a 91 to 93 and maybe find a turbo (i heard a t bird turbo will work anyone could confirm or not) with exhasut header (cant believe im sayin that not being plurel lol but anyways) and somehow make a CAI ...any links how to make one?
 
A TBird Turbo engine, Mercury XR4ti engines, or SVO engine will work. I suggest not getting an SVO because theyre very rare cars.
Here is a link to the turbo swap itself - http://projecthp.ford23.com/TechMain.html
The guys who runs that site is a member here -Stinger
Im gonna look for the the website on building a CAI, until then read the site above, you'll learn more than you wanna know!

Edit: CAI - http://jman.stangnet.com/coldprnt.htm
 
port intake manifold, port head, 5 angle valve job, mill .090" from head (using PRE 91 motor), radical roller cam, and appropriate intake and exhaust. 150 no problem

There is a real old article from a magazine, it was posted on the internet, it's about getting power from the 2.3L. I don't remember where its at, I think its titled "pinto ponies"