Ok fellas, I made a decision.....I'm going with the T5. In fact I bought one this week. It's freshly rebuilt by a reputable shop (have receipt), came with brand new clutch, new pressure plate, new flywheel and new Hurst billet short throw shifter, plus throwout bearing & pilot beariing. It was a package deal from a guy who put it together for his V8 Pinto but he sold the car before he got this installed. All I need are the pedals and a slave cylinder. I posted my C4 on Craigslist & and sold it in an hour. A guy is coming to buy my Lokar C4 shifter in the morning so it's been pretty smooth transistioning so far. Of course, I don't have it installed in the car yet either....LOL!

It appears that it will work best with the shifter in the original Mustang location rather than swapping tailshaft housings to move the shifter forward a few inches. That will require a little modification of the upper part of my Chassis engineering x-member kit. The lower part of the kit will have to be trimmed a little too and re-drill the holes for the trans mount.

The harder part will be redoing the pedals but I don't mind that so much because I really didn't like what I had already put together for the C4.
Will take some pics as I figure this thing out. It'll be a little extra work but I'm excited about it. Dave, as for driving a stick in LA traffic, I'm used to it...my daily driver Mazda pickup is a stick. As long as it's an easy clutch, I don't mind.