Hotrodtinker
Sandwich Ninja
Stock hood. Buy these vents: http://trackspe.nextmp.net/shop-by-vehicle/mustang/05-09-mustang/mustang-gt2-hood-louvers-kit.html
Go to town with a saw and viola:
Yeah, those are sexy! They're on the shortlist fo sho!
My personal thoughts on your list:
#1: Forget about adding power. For the love of god, stay naturally aspirated! Power adders do nothing but add complication, weight, and heat. I speak from experience. Every mod I've done since I added a supercharger has been to curtail the inherent downfalls of having a blown track car. I'm on the verge of pulling the blower and swapping in a coyote for this fact alone!
I have considered a poweradder but then decided I wanted to occasionally track her. This just backs up my logic.
#2: Don't waste time and money on lowering springs and mediocre shocks. If you're serious about tracking the car, do the correct suspension right from the get go and put on a good set of coilovers and real springs. My first track day ever immediately proved how worthless adjustable shocks and lowering springs are if you really drive hard. Lowering springs make street cars feel fast and race cars drive slow.
I'm not sure if I want to afford a coilover setup on what will still be my DD but it's something I'm looking into. I definitely won't skimp as best I can.
#3: A 6-speed swap is a waste of money. The only time you'll see an advantage is on the highway at 80 mph. Even then, the savings in gas won't add up to the cost of a swap. You'll never use 6th at the track.
But... But... 6-speed! Heh heh... I do want one but I think I'll hold off for now.
#4: Forget about a panhard and go straight for a watts link. It just makes more sense for your wallet. Don't be like the government and do things twice.
Yeah, this was where I was starting to lean. I like Whiteline's one that replaces the diff cover; thoughts?
#5: Start working on the driver mod first and then fix problems YOU find with how the car handles. Don't throw the parts bin at the car and then try and sort it out later. Many of us have been there, done that, and the T-shirt was really expensive.
Heh... Sounds like me with my lifted Jeeps! Thanks for the input! It really is appreciated! Mods start soon! I'll be in OR before the end of March.