By the mid 70's 302's were down to 139hp. From 73-76 the deck height was raised .023" to drop the compression and the timing gears were retarded 4-6 degrees. The cylinder heads were lousy as well, until 77 they used rail rockers which caused extreme valve guide wear and the exhaust ports were restricted by the cast in thermactor passages. I'd strongly recommend finding at least an 85 engine, an 87-96 would be even better. 85 and later Mustangs got roller cams, trucks got them later, with the current flat tappet cam/lifter failure problems a roller would be safer and better. An engine swap is expensive and a lot of work, the reuslts ought to be worth it.
302's used a 140 tooth flywheel in Mustang II's, otherwise they use either 157 or 164 teeth. The bellhousing and block plate have to match. The measurement shown would be16 7/8" on a 157 and 17 5/16 for a 164.
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