Update:

Dyno tune results (235hp/266tq):

Dyno Video:

http://media.putfile.com/Dyno-Runs-47

Pics with the new wheels:

Custom center caps by me:

When I picked up this 97 LX and it already had a few things done to it:

'02 Explorer PI motor w/ Aluminum Block
VT Stage 2 Cams
80mm '02 Mustang GT MAF sensor
C&L Plenum with 75mm Accufab Throttlebody
Steeda underdrive pulleys
Dual exhaust with single dual in/dual out Magnaflow mid-car
'00 Mustang Trans w/ J-mod and Marauder Converter
MMX Driveshaft
Poly trans crossmember bushings w/ solid rubber trans mount
5x4.5 Bolt pattern conversion
Mustang PBR Dual Piston Front Brake Calipers
SCT 9100 Tuner

What I have added:
Vogtland 1.6" lowering springs
96/97 Thunderbird Sport front shocks / 03/04 Cobra vert rear shocks
Air bags inside rear springs
3.73 Limited slip differential w/ poly bushings
Gray cloth/leather 94/95 SC interior
'03 Cobra Steering Wheel
Optima Red Top
Mark VIII sun visors
SHO 150 mph speedo and 8000 rpm tach
Custom gauges faces by Scott with red Taurus needles
SpeedCal
Addco 1.125" rear bar
Stainless braided brake lines
Slotted Front rotors and Poterfield Pads
CNC milled gauge panel for trans temp and oil presure gauges
18" FR500 wheels with 255-45-18 KDW's all around

I have added some 94/95 Mustang Pony wheels with Dunlop Graspic GS2 for the snow also.

Parts sitting here:

Damper on glove box like 94-96 cars
JL chasis bracing, includes everything
Latching fuel door
Mark VIII door sills

Planned:

Custom Center caps for the wheels
Custom Aluminum plates for the valve covers
Stainless exhaust
Electric water pump
Vogtland Springs with 96/97 Sport front shocks and 03/04 Cobra Rear shocks

Possibly:
Manual Trans
Positive displacement blower

Pictures of gauges: