I've since gotten a chance to drive a car with KW v3 coilovers and the standard springs that those coilovers come with.
The ride quality is excellent for the available bump travel (the car was lowered 1.6 inches relative to stock). However, the spring is apparently a "progressive" spring in both front and rear, and the suspension doesn't do all that well over one of the bumps that I traverse on my drive to work. In the front, it goes into the stiffer region of the spring, and feels like the spring rate quadruples or something -- it gets much stiffer. The rear absorbed the bump (possibly with the same stiffening effect as I felt in the front -- not sure) but then launched into the air on rebound, which suggests to me that the rebound damping wasn't sufficient. That's a harder thing to get right when you're dealing with a progressive spring, if I'm not mistaken, and because the rear didn't feel bouncy over smaller bumps, my suspicion is that the rebound was dialed in reasonably well for the milder region of the spring in the rear.
The stock suspension handles that bump much better, probably in large part due to having a greater amount of available bump travel.
I've been unable to determine what the KW v3 spring rates are in their low-compression region, but the people on allfordmustangs.com that I've been talking to speculate that the fronts are in the 300+ pounds/inch region in their relatively uncompressed state. If that's the case, then 300 lbs/in or so is not enough spring to properly handle the bump I hit with 1.6" less bump travel than stock.
That experience convinces me that coilovers are very capable of yielding a comfortable ride as long as you have enough suspension travel to work with, even with spring rates of roughly 2x that of stock (but that presumes that we're right about the KW's spring rates).
An additional requirement is that I can't lower my car more than perhaps 1/2" to 3/4" relative to stock (it's a GT with the track package), because of my driveway. I would like to lower the car some because it currently looks like a 4x4. Frankly, my opinion is that the GT500 stance is pretty much perfect from an aesthetic perspective, and that's the stance I'd like to achieve. No lower than that.
Can I lower the car by only half an inch relative to stock with coilovers, without sacrificing all or nearly all of the available extension travel? Which coilovers would allow me to lower the car by so little, particularly while keeping the bump travel up and the damper more or less centered when the car's suspension is loaded only by the weight of the car (i.e., centered, or nearly so, at static ride height)?