Stephen Cox blogs about re-powering his four-cylinder ’80 Mustang that’s been in his garage for decades. Now it’s on-track to be a potent Ponycar.

PART III: REBUILDING MY TOTALLY-NOT-COLLECTIBLE MUSTANG!PART III: REBUILDING MY TOTALLY-NOT-COLLECTIBLE MUSTANG!Ford Motor Company built 128,893 Mustang coupes during the 1980 model year, making my Medium Blue Glow four-cylinder example anything but rare. I bought the car when I was seventeen and it was my primary transportation for a decade. It now has nearly a quarter of a million miles on the odometer.

Since the car has little value, I figure there’s no point in selling it. I might as well rebuild the car into what Ford would and should have created had it not been for the interference of federal regulators. I started with the engine, the heart and soul of any automobile. McCunegill Engine Performance, Muncie, IN has provided racing engines to short track champions for years. They’ve also modified and upgraded the engines of classic cars including a ‘67 big -block Mustang. They know Fords and they were an easy choice to outfit my not-so-classic Fox body.

The Windsor small block has been associated with the Mustang since the mid-1960s and reflects the true spirit of the car, so it was chosen as our base engine block. Equipped with aluminum heads, 650-cfm four-barrel carburetor, high flow exhaust headers, aluminum performance intake and more, the completed engine displaces 347 cubic inches and has pegged 407 horsepower on the dyno at 5,600 rpm.

Better yet, the little stroker motor offers plenty of low-end grunt for street use. It peaks at 441 pound-feet of torque at 4,600 revs and breaks 400 pound-feet of torque at just 3600 rpm. Power is transferred to the ground via Borg Warner’s Tremec five-speed transmission. The engine runs on regular fuel from any gas station, although it does need a bit of STA-BIL with every fill-up to prevent ethanol damage. A charcoal black Ford Performance engine dress up kit gives the engine bay an impressive, finished look.

PART III: REBUILDING MY TOTALLY-NOT-COLLECTIBLE MUSTANG!I drove my first 60 miles in the car last week and the results were stunning. The engine lives up to McGunegill’s reputation. The low-end torque pulls like a freight train, moving the 2,700-pound Ponycar to mind-numbing velocities in an effortless fashion. With the engine finished, we’re ready to move on to a desperately needed suspension upgrade. The current spring and shock system is original to the car. That means lots of chassis flex, soft springs and a spooky feeling for the driver at anything over 70 mph.

In the meantime, the car has an incredibly raw feel. The Steeda Tri-Ax shifter clunks into gear with authority. The straight pipe exhaust is deafening (mufflers coming soon). The vibration of the high compression race engine is felt through the steering wheel. The engine dislikes being asked to do much heavy lifting below 3,000 revs, after which it springs to life in explosive fashion. The cockpit atmosphere actually feels more like the interior of my Super Cup Stock racecar than it does a street machine. The new drive train is frighteningly fast, loud and my old Mustang is exciting to drive. Between 25 and 70 mph the engine and transmission bring the car to life in an amazing way.

And that’s fun. Until it’s not. Later suspension upgrades, mufflers and interior sound deadening will do wonders to cure that overly racecar-ish vibe. There’s much work yet to be done for a finished restoration. But stage one is complete and it appears to be an unqualified success.

Stephen Cox: Driver, FIA EPCS sports car championship & Super Cup Stock Car Series. Co-host, Mecum Auctions on NBCSN, Sopwith Motorsports Television Productions.