Well I am in the middle of an install right now. I have the painless kit for my 66, 20120 or something like that. I do have to say it sometimes is not painless, I am not sure if this is the kit or my inherent lake of experience on wiring a car. The 66 is my first old mustang and my first complete re-wire job on a car. I do recommend getting the original wiring diagrams, I have my downloaded on my pc, it has helped allot having those original documents. Now you do have to attach many wires to new terminals and a good wire stripper and crimper are advised. So far I have the dash wired, yeah that was a P.I.T.A., next time I will wait to install my seats until after I re-wire the dash. I am into the engine bay now and it is proving a whole lot easier then the dash. You will need to order wire holders / clamps to attach the wires to the firewall and fenders, although it does come with zip ties I have not yet found a use for them. It does have a new fuse box, new dimmer switch, new harness fuse that installs just behind the solenoid, and all the required terminals and butt connectors, well unless you are like me and waste as many as you use.
On a side note I am still amazed that you could put your hands up under the dash and potentially get your fingers pinched by moving wiper parts.