Mustang Dies in 3rd gear

I have a 97 mustang gt and I had a 99 cobra tranny put into it. I just got it back and I took it up the road and first to second great I went to third and it bogged out Like their was nothing. So I let off the gas then pressed it again and it went a little further I went to forth and the same thing happand and then the car cut off. I noticed it was smoking from the left front side. I checked it was fluid coming from my break booster falling down on the manifold. and my power steering was low. some one told me with my break booster leaking it could be pulling vaccum away from my engine causing the problem I wanted ask the experts so what do you guys think?
 
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