Well I see alot of negativity here, lol...Im in the middle of my 94 3.8 to 4.6 32v mustang swap right now. It is hard but it's the challenge thats the best part, the day i fire it up i will cry out of happiness!
you do have to change the k-member, computer, wiring, cant use a mark viii intake lol, for brakes, i used a 85 dodge p-u manual brake cyl, theres alot of things, but theres alot of easy solutions too. I say if you want that 32V, then go for it, and dont let anyone tell you to buy a different car, F%&K THAT!
Good Luck!