Nice! I was kind of in the same boat as you about 5 years ago. I ended up selling my project 1968 Mustang and picked up my 04 SE v8 for 11,500 in Kansas. I look forward to watching your build progress!
A few common service items to go ahead and knock out in your spare time that are not too expensive to do.
1. Downstream o2 sensors- they will throw the P0420 code.
2. Lower control arms and alignment cam bolts- our alignment cam bolts like to seize, and our lower ball joints are usually shot for the second owner
3. Grease the drive shafts- common issue if you encounter a thud or clunk while stopping/starting at a light
4. Inner tie rods- replacing these cheap parts will tighten up the steering feel, I'd recommend doing these AFTER or at the same time as your LCA's as you'll need an alignment.
Welcome to the family!
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2006 Shadow Mica SR5 v6
1" BL, Fox Racing UCA's, RC 3" N3 Lift, Rock Trix RT110 -12 Wheels, 315/70R17 Goodyear Territory MT, Tacoma Front Bumper, 5th Gen 4R Tire Carrier, Big Lion LED's