The stock airbox is a cold air intake since it pulls cold air from the fender well. Remove the air silencer horn from the stock airbox and you are good to go.
The fancy CAI kits are a waste of money since a
K&N flat panel filter used with the stock airbox gives the same results. The CAI metal tubing absorbs engine heat quicker than the plastic and rubber the stock setup uses.
Whatever you do,
DON'T use any kind of air intake system that mounts the air filter in the engine compartment. The hot air and turbulence from the fan will cause strange driveablity problems and loss of performance.
On a budget? do the junkyard upgrade...
Gears - 87-88 T-Bird Turbo Coupe rear axle - disc brakes and 3.55 or 3.73 gears in one package for $125-$300. Add another $100-$200 or so to complete the brake upgrade.
94-95 Mustang GT MAF - $40-$100. It is 70 MM instead of the stock 55 MM on regular stangs built prior to 94. It uses a slip on duct on the side that goes to the throttle body and a 4 bolt flange on the other. You need a flange adapter to fit the stock slip on air ducting that goes to the air box. Wiring plugs right in with no changes. *1 *2
95-97 Ford Explorer intake manifold & throttle body $150-$300. The intake manifold flows 220 CFM +, much better than stock. Throttle body is 65 MM, bigger than the 60 MM on stock stangs. I got a 96 with EGR passages that match the stock setup, so my smog gear works just like factory. You’ll need a 65 MM EGR spacer & new gaskets for $65-$90 so you have a place to mount the EGR & throttle linkage.
3G alternator from 94-95 Mustangs or other Ford. $20-$120. A must have to make the electrical system work like it should. You’ll need a 4 gauge power wire and a 125-135 amp fuse to go with it about $15- $30.
Lincoln MK VIII electric fan -$40-$160. Free up some HP by not having to drive the stock fan. The 3G alternator upgrade is a must have prerequisite before you do the MK VIII fan. You won’t have enough electrical power if you don’t do the 3G upgrade.
Aluminum driveshaft: (courtesy of shawn13) It needs to be from a 92-93-94 Aerostar AWD and you will need the u-joint, part #353 from NAPA. It should bolt right up after the u-joint swap.
*1.) A metal flange adapter is available from:
http://www.kustomz.com/cat3.html . Buy the TR70 for $44.95.
*2.) MAF & sensor interchange
The 94-95 Mustang 5.0 MAF & sensor is also found on:
1995-94 Mustang 3.8L F2VF-12B579-A2A,
1994-92 Crown Victoria 4.6L F2VF-12B579-A2A,
1995-94 Mustang, Mustang Cobra 5.0L F2VF-12B579-A2A,
1994-92 Town Car 4.6L F2VF-12B579-A2A,
1994-92 Grand Marquis 4.6L F2VF-12B579-A2A,
The A2A, AA, AB, etc, on the end of the part number are minor changes that do not affect the calibration.