There's no such thing as Mercon III. There was Ford's Mercon, or Mercon V. And GM's Dextron III.Can I run Mercon V in a T5 trans instead of Mercon III ?
do not use mercon V, use the old dex/mercon ( advance auto part brand is perfectly fine ), back when I try find fluid for my T45 ( recomment mercon, I ask same question I can use mercon V, find out mercon V come out is support fix the shudder on automatic only. and do nothing to manual, and many having problem with mercon V on their old manual tranmission, I do run ole dex/mercon brand.
I had a pretty tough time reading that post, and I'm still not sure I understand it.
Stick with Dexron III/Mercon (regular ATF), it's been used in T5s for years with no problems (including my own). Mercon V would supposedly affect the blocking rings on the synchros in a weird way, but there's not much official documentation on this. Many people have used Mercon V and other sythentic fluids and said they have no problems, but for the price of 3 quarts of the regular stuff, might as well use something that Ford trusted in the first place.