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In your case you need to look for a Ford Thunderbird or Cougar, it will have all you need. Below is a write up of mine from a while back when I did this to my 88 Thunderbird Turbo Coupe. Keep in mind the TC is a 4 banger and your Mustang is an 8, so substitute 4 cyl. for 8 cyl. You will not need to swap distributors.
The epoxy glue mentioned below has to be the non conductive type. I have pictures of the finished assembly/harness some where if I find them I will post them on the files section.
OK I got it sorted out. Actually it is simpler than you may think.
The only changes are that you need to use a 4cyl. TFI module, so do not get the 6cyl. one it is not going to work.
Get the remote TFI wiring harness from a Mercury Cougar 3.8L from the TFI connector at the front radiator support frame to where it goes in to the main computer harness behind the passenger strut tower. Also get the TFI heatsink leave the 6cyl. TFI you will be using your 4cyl. instead, by the way it bolts right up to the heatsink once the spade connectors that would normally go in to the distributor are grounded off and sealed with epoxy so there is no shorts.
You need to identify the wires that will be soldered to the stock TFI connector as follows = Ignition ground, IDM, Spout, Power, Start, PIP and solder them to the corresponding wires from the stock connector. Note the Ignition Ground wire, PIP and Power will need a jumper soldered to them with spade connectors that fit the female spade connectors in the PIP assembly in the distributor. Once this is done all you have to do is take your old 4cyl. TFI and like I said above cut the 3 spade connectors off from the side of it then grind them smooth so the module will fit in the heatsink, but before seal the connectors that where ground off with epoxy so there will be no shorts. Then apply some heatsink compound (bird shit) to the heatsink and the back of the TFI module to promote heat transfer to the heat sink.
Remove the distributor from the engine after setting the timing to # 1 spark plug at TDC, then remove the TFI module and insert the spade connector in to the PIP module from left to right Ignition Ground, Power, PIP secure the wires so they do not get pulled out accidentally. Then solder the other wires as mentioned before. Bolt up the remote TFI and heatsink assembly on the front of the radiator support frame. Note 88 TC have the bolt on nuts in place already. Other vehicles will have the holes drilled.
Insert the distributor back in the engine and align the rotor with the cap's # 1 spark plug, bolt down the distributor loose enough to be able to adjust base timing. Install cap and start the engine, set base timing SPOUT disconnected and you are done.
Jaime 88 TC.
Where did you get the later model ignition setup distributor and remote harness for the TFI module? I have an 87 Mustang 5.0 with the TFI module on the side of the distributor.
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