Do I have this right, you are looking to put a manual (stick) behind a 5.0 so you quit burning up E40D?
Doesn't a T5 bolt up behind a 5.0 straight....? you would need the S10 tailhousing to keep the shifter in a reasonable location instead of in the back seat, but they can be had in the junkyard. Someone verify me in saying that though.. I though the mustang came with a 5.0 and T5 combo for some time.
T5 can be bolted to a 5.0, but as noted you need the S10 tail housing and you will need to setup some method of activating the clutch (the M5OD slave cylinder doesn't "bolt in" on a T5).
But the M5ODR-2, found in F-150 behind the 4.2 and 5.0 engines. does bolt in* and has the same hydraulic clutch slave as the M5ODR-1 (the one found in Rangers).
*Caveat: The M5ODR-1 found behind the 4.2 uses M12 bolts which are close enough to the 1/2" bolts for the 5.0 to be able to cross thread. And 1/2" bolts won't fit in the M12 holes (but a quick reaming with a 17/32" bit solves the issue).
p.s. A T-5 is really a pretty light duty transmission; if OP is burning up E4ODs, T5 probably isn't best choice. M5ODR-2 is considerable heavier (but still not real rugged).
I highly doubt you will have a hard time finding a M50DR-2, and even less likely to find (what was a unicorn for me) a World Class T5, but if you happen to, a WC T5 is the ticket... except no WC has the Chevy S10 tail housing, and from what I understand swapping tail housings is as much work as rebuilding the trans.
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I also understand that almost all the WC ones were in mustangs.
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