I use Amsoil high performance 5w-30 in both my 2001 Mustang GT as well as my brothers 2001 Mustang GT. We also use it in my mothers 89 Aerostar van without any probelms.
As for the "synthetic questions", thats really a can of worms but I'll go ahead and open it up. The word "synthetic" means something that is formed by man and is not produced naturally. Many companies on the market are releasing their versions of "synthetic oil" to keep up with the synthetic lines of other companies.
Now, whats the difference between companies like Amsoil and comapines like Castrol when it comes to synthetic oil ?
Its simple. Amsoil's pure synthetic oils are NOT petroleum based like many other companies. Many companies take base petroleum oil, process it under the form of something called "hydro-cracking" to change its physical structure just a bit, give it a clean additive package, and label it "synthetic". Now, although the additive package in synthetic oils will help the oil to stay cleaner for a longer period of time, this doesn't mean the oil is going to last much longer than regular conventional oil. The hydro-cracking process only makes the oil a bit more slick and will allow it to resist thermal breakdown just a bit better(maybe not at all) compared to regular oil. This hydro-cracking process is also cheap to do and very inexpensive.
Amsoil is totally different as its base formual is synthesized within a laboratory as well as all of their additives. Thus, it is 100 percent man made, and no based on petroleum. This is what makes their oils "superior" if you would to most of their competitors oils. This is why Amsoil can also recommend longer change intervals with their oils than any other comapny on the market. In my honest opinion, I've used Amsoil and it works great. Well worth the money due to not only how long it lasts, but how well it protects and lubricates.
Just thought I'de point out a few basics about Amsoil and others companies like them concerning "synthetics" and the lower competitors which still use petroleum for their version of "synthetic" oil.