I don't think there has ever been a Mustang produced by Ford themselves that actually handles well.
That's where companies like Roush and Saleen come into play. Shelby is a lot about power and handles better than stock, Roush is all about cornering and the cars don't make much more power over stock (minus the Roush 360R and 380Rs of days past) and the Saleens are kind of going in both directions but aren't really doing anything well.
BUT, companies like MMR, Steeda, and others are making a lot of bad ass suspension components that make those cars handle pretty well as long as you have the money for it. You'll end up spending more on the suspension than you paid for the car though.
Lucky f-body owners have Sam Strano who creates all of his own suspension components and doesn't sacrifice quality for mass production. He orders his springs in runs and you can only get them like once every three months.
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