Removing the pollution control equipment from a 5.0 Mustang is a bad idea. All you have accomplished is to make the computer mad and spit codes. The pollution control equipment all shuts off at wide open throttle, so the HP losses from it on the car are 2-5 HP. The catalytic converters may soak a few more HP than that. None of the pollution control equipment reduces the HP enough to cost you a race in anything but professional drag strip competition like "Pinks".
If you removed the smog pump and still have catalytic converters, they will ultimately clog and fail.
Remove any of the equipment and you will not pass a full smog check, cannot title the car in an area that does smog checks and have broken several federal laws. Granted that the Feds are short on people to check cars, but it is still Federal law.
Know what does what before removing it. Remove or disable the wrong thing and the computer sets the check engine light and runs in "limp mode". Limp mode means reduced power and fuel economy.
Here's a book that will get you started with how the Ford electronic engine control or "computer" works.
Ford Fuel Injection & Electronic Engine Control 1988-1993 by James Probst :ISBN 0-8376-0301-3.
It's about $20-$35 from Borders.com see http://www.amazon.com/ . Select boo...owthread.php?t=698148"]Surging Idle Checklist for help with all your idle/stall problems. Everything you need to find and fix idle problems is in there.
The first two posts contain all the updates to the fixes. At last count there were 24 possible causes and fixes for surging idle/stall problems. I continue to update it as more people post fixes or ask questions.