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I had an 85 carbed 302 5 speed in a GT Mustang and loved it at the time. It was more powerful than anything I or my friends had ever had before. Handling was just fine for where I lived (flat straight roads or Interstates) I never had the car get loose or do weird things on me. I also had a 95 GT Mustang with the last year of the 302 5.0L. That car was a great improvement over the earlier car with 5 lug wheels, 4 wheel disc brakes, and wider/better tires.
Unless you are carving canyon or mountain roads at full throttle, these cars will do everything you ask of them on a daily basis and are pretty bulletproof for the price.
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