Katmandu - that's what I thought you meant. I don't think it will work that way. Anyone who puts on 'underdrives' is underdriving the power steering pump. That's what the smaller pulley on the crank does. In my experience, it doesn't change the feel at all - it just made my pump 'groan' more during low speed (parking lot) manuvers. Feel was unchanged. Besides, that pump sees quite a range of speed (engine rpm varies about 10X - 600 rpm to 6000 rpm) -- so the pumps speed changes accordingly. Even if you under-drove just the pump, as soon as you step on the gas (most around town driving is in the 1500-3000 range) your speed is right back up higher levels.
Feel is a function of the type rack, the way it's mounted, the way the steering assist is provided and the suspension geometry (tire/wheel selection makes a big difference too). Altering the speed/pressure on the pump won't change feel - under some circumstances it might make it harder to turn the wheel, but don't mistake more effort for better feel. If you like the feel of a manual rack, that's likely what it's gonna take to achieve that feel on the Stang. Or, you can buy one of many newer cars where they've gone to great lengths to build variable-speed assisted steering that has feel close to a manual once rolling, but provides assist to make the wheel easy to turn during parking lot manuvers.