OP, just for reference, this is the last 302 I worked on:
300RWHP (a little low for the parts, but the car pulls like crazy)
Stock shortblock, Trickflow T/W's, Custom cam, TFS-R intake, 75mm TB, link-bar lifters, stock oil pump, M1 0w40 in the sump.
That's a pull to the stock rev limiter.
This was the previous car:
Same longblock but carb'd with a Victor Jr. and a Holley HP 750 on it. Also had M1 0w40 in it here.
The engine has been apart a few times for upgrades/changes and everything still looks like new. It has fantastic oil pressure as well.
Unfortunately the owner of these cars has automotive ADD and gets bored of them somewhat quickly. He's been through something like seven Mustangs since I've known him. I've wrenched on all of them to some degree, but the two I've posted were certainly my favourites.
He just sold the black one two weeks ago. Guy who bought it couldn't get over how well it worked. Pulls hard right to the limiter, power curve never tapers off, just flattens and stays there.
Both of these cars were purchased with broken engines. A lot of time and effort was put into both of them and if I had the room, I would have bought the '87, as I used to own one and that car was in amazing shape.