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Good thought on a car to mod as you know this Red Wagon really well after driving her 100K. Next mods should be tires, wheels , aggressive brake pads , etc. since the first way to gain speed is good rubber. Mustangs are a bit heavy so in the words of Blacksheep 1 ......................275s are way too small for a Mustang. Keep the old Tire Guru's words in mind and try to start with 295s at least. You are in a great spot to get on the track with Motorsport Ranch ( Cresson , Tx. ) and Eagles Canyon really close. Welcome and keep us posted on your progress.