First off, if anyone sprays ether into their intake, I don't give a rats ass what kind of condition the fuel system is in, the car will fire! Hell, you could disconnect all the fuel lines and the car will fire. After he said he tried stating fluid and people keep telling him fuel, that's just 100% pissing in the wind at that point.
My step father had an 89 GT and we were driving around one day. Went into the store, came out and no start. Since this was back when I knew squat about Mustangs, he brought the car to a mechanic. Luckily, the mechanic was a good friend of his and very knowledgable with Mustangs. He checked for spark and fuel, both were present.
Sprayed ether in there, same result, no fire. Then he did the SAME exact thing in trying to start the car while turning the dizzy and it started. It had jumped timing as well. New timing chain set and retime the car was golden!
I would suggest you go to NAPA (read: NOT Advance or Autozone) and get yourself a new PIP sensor, they will refer to it as a pick up coil as PIP sensor will not get any results.
Replace your timing set and your PIP sensor and you should be good to go.