Gears are the biggest bang for your buck mod there is for these cars, period. Exhaust is a nice piece as well as a short throw shifter, but gears is the best thing you can do if you haven't yet. I think everyone has said that already and if you haven't driven a higher geared mustang well, you won't understand.
ya i was thinking about going with 3.73 but then i was not sure gears or cold air haha. ya i want to do my exhaust but its going to be a little wile its going to be like 1300