Update: much has happened since my last post!
As I alluded to earlier, I've had a variety of (orthopedic) health problems in the last 18 months which have prevented me from wrenching very much. As a result, I enlisted the help of a friend who is a master mechanic and a true "Ford guy".
My role here was easier than usual; order all the parts and deliver them plus the car to his home shop.
I decided to keep a stock look on the car. I wanted to retain a stock-ish ride but improve the handling significantly. I wanted to upgrade but keep the car close enough to stock not to ruin its value down the line if some day I give in to my inner child and order a C8.
Here's what I ended up with:
Monroe-Matric loaded struts and new shocks (stock replacements)
BMR panhard bar with poly bushings
BMR panhard bar mount chassis brace
BMR strut tower brace
Powerstop slotted rotors and Z26 pads
(I went stock size as I didn't want to replace my wheels which I believe really suit the car)
Braided steel brake lines at all four corners
McLeod organic clutch
New Ford slave/throwout combo and pilot bearing
Summit flywheel (stock replacement)
Hurst shifter (with a white ball, totally matches the retro look of these cars)
MBRP axle back exhaust.
Motorcraft plugs
In addition to all of the above, every fluid in the car has been changed.
I picked it up tonight and the difference is truly amazing. The panhard bar and brace combined with the strut tower brace out front has really taken a lot of wiggle out of the car.
The clutch is fantastic and the shifter is tight and significantly less vague than before.
The only near-term addition to the above that I think I will do is buy some upgraded sway bars. I want to spend some time with the car though before I order anything else. I'm hopeful I will feel I'm up to doing the bars myself so I can rid myself of the embarrassment of having paid someone else to do the lion's share of the work. It's not my nature to do so-but I wanted to be able to enjoy the car this summer without risk of further injury. My rehab is going really well and I think my days of wrenching will return soon.
It's funny that it came back home looking...virtually identical to when it left but the character of the car has changed significantly. I'm really pleased.
Beyond the bars, I'm not done. Next up is the proper cleaning and rejuvenation of the appearance to match the newfound athleticism!