The only thing that will affect WOT performance to any degree is the 54 code.
Code 29 - Vehicle Speed Sensor (VSS) is an electronic sender mounted on the speedo pickup gear on the trans. It works the cruse control for both 5 speed and auto trans cars. The VSS is used to tell the computer to speed up the idle as you slow to a stop. This helps keep the engine from stalling when you slow down for a stop sign or stop light.
Check to see if the electrical connector is plugged into it. Clean the connector & contacts with non flammable brake parts cleaner prior to replacing the sensor, as that may fix the problem. The sensor cost is under $30 and it is easy to replace.
Code 54 – ACT sensor out of range. Broken or damaged wiring, bad ACT sensor. Note that that if the outside air temp is below 50 degrees F that the test for the ACT can be in error.
Check the resistance of the black/white wire to battery ground. If it is less than 1.5 ohm, it is good. If it is more than 1.5 ohm, the black/white wire has bad connections or a broken wire. Always take resistance measurements with the circuit powered off.
Then check the resistance of the ACT sender located in the #5 intake runner on most 5.0 stangs.
ACT & ECT test data:
The ACT & ECT have the same thermistor, so the table values are the same
Pin 7 on the computer - ECT signal in. at 176 degrees F it should be .80 volts
Pin 25 on the computer - ACT signal in. at 50 degrees F it should be 3.5 volts. It is a good number if the ACT is mounted in the inlet airbox. If it is mounted in the lower intake manifold, the voltage readings will be lower because of the heat transfer. Here's the table :
68 degrees F = 3.02 v
86 degrees F = 2.62 v
104 degrees F = 2.16 v
122 degrees F = 1.72 v
140 degrees F = 1.35 v
158 degrees F = 1.04 v
176 degrees F = .80 v
194 degrees F = .61
Ohms measures at the computer with the computer disconnected, or at the sensor with the sensor disconnected.
50 degrees F = 58.75 K ohms
68 degrees F = 37.30 K ohms
86 degrees F = 27.27 K ohms
104 degrees F = 16.15 K ohms
122 degrees F = 10.97 K ohms
140 degrees F = 7.60 K ohms
158 degrees F = 5.37 K ohms
176 degrees F = 3.84 K ohms
194 degrees F = 2.80 K ohms
Code 67 - clutch not depressed (5 speed) or car not in neutral or park (auto) or A/C in On position when codes where dumped. Possible neutral safety switch or wiring problem. This code may prevent you from running the Key On Engine On tests. You can generally ignore this code, since it has no effect on engine performance.
The computer wants to make sure the A/C is off due to the added load on the engine for the engine running tests. It also checks to see that the transmission is in Neutral or the clutch depressed (T5, T56, Tremec 3550 & TKO). This prevents the diagnostics from being run when the car is driven. Key On Engine Running test mode takes the throttle control away from the driver for several tests. This could prove hazardous if the computer was jumpered into test mode and then driven.
The NSS code 67 can be bypassed for testing. You will need to temporarily ground computer pin 30 to the chassis. Computer pin 30 uses a Lt blue/yellow wire. Remove the passenger side kick panel and then remove the plastic cover from the computer wiring connector. Use a safety pin to probe the connector from the rear and jumper the safety pin to the ground near the computer.
Code 85 - CANP solenoid - The Carbon Canister solenoid is inoperative or missing. Check vacuum lines for leaks and cracks. Check electrical wiring for loose connections, damaged wiring and insulation. Check solenoid valve operation by grounding the gray/yellow wire to the solenoid and blowing through it.
The computer provides the ground for the solenoid. The red wire to the solenoid is always energized any time the ignition switch is in the run position.
Charcoal canister plumbing - one 3/8" tube from the bottom of the upper manifold to the rubber hose. Rubber hose connects to one side of the canister solenoid valve. Other side of the solenoid valve connects to one side of the canister. The other side of the canister connects to a rubber hose that connects to a line that goes all the way back to the gas tank. There is an electrical connector coming from the passenger side injector harness near #1 injector that plugs into the canister solenoid valve. It's purpose is to vent the gas tank. The solenoid valve opens at cruse to provide some extra fuel. The canister is normally mounted on the passenger side frame rail near the smog pump pulley.
It does not weigh but a pound or so and helps richen up the cruse mixture. It draws no HP & keeps the car from smelling like gasoline in a closed garage. So with all these good things and no bad ones, why not hook it up & use it?
The purge valve solenoid connector is a dangling wire that is near the ECT sensor and oil filler on the passenger side rocker cover. The actual solenoid valve is down next to the carbon canister. There is about 12"-16" of wire that runs parallel to the canister vent hose that comes off the bottom side of the upper intake manifold. That hose connects one port of the solenoid valve; the other port connects to the carbon canister.
Purge valve solenoid:
The carbon canister is normally mounted on the passenger side frame rail near the smog pump pulley.
Carbon Canister: