I started out looking for a 72 Gran Torino 3 or 4 years ago since that was the first car I ever owned. Never could find one in my price range and the the movie came out with Clint Eastwood in and everything I was looking at went up even more. So I decided to restore something else first. Had an old Farmall and started on it. Tractor restoration is about the same as Mustang Steves law. What started out as a paint job, ended up with a full overhaul, new pistons, sleeves, valve job, ground the crank and etc.
After getting done painting the tractor, I started looking for a car again. Saw this Mustang on Ebay one day and watched it go out and then it was reposted later. Watched it again and finally put a bid in on the last day of the auction. Long story short, I won and the day after Thanksgiving in 2011 I drove 5 hours with my brother in laws truck and trailer and picked it up. Been working on it off and on ever since. The motor is a 302 with 5 speed, and 9"  limited slip 4.33 gears in it. That was all in the car when I got it. Since then I have put in a cable clutch, did the Granada swap on the front discs, put in all the brake lines, fuel lines, new rack and pinion and new radiator. Body is a 40 footer and will stay that way for awhile. Did start working on the hood, because it had some rust bubbles coming through.
I have found a lot of good info on this site, and thank everybody who has helped on any questoins I have had.