If you can get all the parts it will make for a long term fun street blown car.
On a stock 96-98 the 5-6psi pulley is only good for @260-280rwhp which was kind of depressing when these blowers first came out. The same cars with Vortec's weren't doing any better @8psi so it wasn't the blowers but more or less the intake/cams/heads etc.
With PI cams and better flowing valves the hp jumps over 300rwhp.
A friend of mine had a stock PI engine and stock FRPP/SVO blower and with a SCT tune put down 330rwhp which is inline with what the base non IC'd KB's were putting down before they became super huge blowers. He had some N/A Comp 268 cams installed (NPI) to see how they would do and he only got up to @ 340rwhp because they were losing boost. He blew up the engine at a track day but said he was able to keep up with C5 vettes through most of the track except really sharp turns.
If you can get yourself some PD blower friendly cams and run 9psi with a good tune I see no reason you can't get to 330rwhp through the auto.
Not a lot of Mustang guys gave these blowers a chance so if you want more info go to
www.tccoa.comhttp:// as the Tbird and Cougar guys love them to help get there heavier cars moving. A few guys over there making @375+ rwhp with them.