SVTdriver said:From MotorTrend.
Providing the all-important bang in place of those oldie-but-goodie 351s and 428s is a unique version of Ford's 32-valve cast-iron block/aluminum-head 4.6L DOHC V-8. This is the same one used in the 390-hp Cobra,
http://www.motortrend.com/roadtests/coupe/112_0212_mustang/index1.html
No whether it is right or wrong is up for debate. But these were the specs I found.
M/T is wrong, the Mach 1 engine uses an alumimum block as did the 99-01 Cobra. The Mach 1 engine is pretty much the same as the 99-01 Cobra engine except for different cams. Having brain fade right now, I know only 2 of the 4 cams are different but can't remember if it was the intake or the exhaust cams that changed.
If you want confirmation, got to the Mach 1 registry web-site. They will be able to fill you in on all the details there.