disc brake swap:
i went to scarebird.com and ordered their brackets for $105. i used nissan stanza rotors, cavalier calipers and hoses for an eldorado. all together the disc brake swap cost me $413.
old 9 X 2.25" drum brakes.
new 10" disc brakes.
the wheel hubs need to be machined so they fit inside the rotor, a grinder could do it and would save some money ($80), but i took mine to a machine shop. you'll also need new wheel studs. other than that everything goes in without any trouble (also fits in 14" wheels).
old master cylinder and new master cylinder from a 74 maverick.
you'll need to keep the rod from the old master cylinder, it can be hard to get out. there are 'snap rings' that hold the rod in, mine had bent somehow and was making it impossible to get out, but the grinder took care of it.
new master cylinder in the car and plumbed. this was pretty easy to do, the hardest part was finding the adapters. autozone had the adapter for the large one, napa had the adapter for the small one.
#480 1" lowering coil springs, and KYB GR2 shocks.
shebly drop, lower the UCA by 1" and move it back 1/8".
soon: 1" sway bar and home made roller perches and adjustable strut rods, boxed upper and lower control arms.
UPDATE 7/06/08: ive finished the roller perches, they will go on soon.
i also boxed in my export braces.
if you have a first gen mustang, you know how flimsey these are, and how much the shock towers can sag with them - this was my answer. along with a mounting plate and a monte-carlo bar, these should keep the flex to a minimum.
replacement 4 leaf springs, KYB GR2 shocks, "heavy duty" shackles and polyurethane shackle bushings. i didnt really do much in the rear, but im happy with it. i may lower it, i dont really like the wheel to fender gap - we'll see.
soon: old front sway bar moved to rear, traction bars. maybe lowering springs in the future.
next brake mod will be braided stainless lines, performance brake pads/shoes (EBC or something similar) and motul brake fluid. im also going to try to move the old front drums to the rear (they are 3/4" wider, still 9" diameter), i took some measurements and it seems like it will work)