How fast do you want to go? A used Busa for under 5k will whip any Mustang on this site.
My 67 is a 200/C4. Im putting in a 250/C4. I like the six, simple, easy to work on, plenty of room under the hood. This car will never have any value, so its my fun - do whatever I want car. Ive converted it to 5 lug, EAPS is a future project and maybe a CS/GT clone. I would do a 5 speed if one came my way.
In regards to the 200. The Falcon Six handbook is $24 at Vintage Inlines, well worth the money. IMO the best bang for the buck is a 1v to 2v adapter with a Weber. It doesnt make any hp, but idles much better and is much easier to tune. If you change the carb you have to change the dizzy to a 68+ unit, a DSII is better. A set of ebay SS headers and a good flowing single exhaust. Duals look sexy but are overkill and add weight. If the head has been off an otherwise stock engine, the compression is down in the 7.0:1 range. The oem steel headgaskets were .027", replacement composites are .045'. If you can find a large log head it has bigger valves and more volume. it also has a 1.75" vs your 1.50" carb opening. The large log head, milled to boost compression makes 20-25hp over what you have now.
The sixes are fun engines, not cheap to modify since there are fewer parts and 82 was the last year Ford U.S. made one.
One of the keys with a 200 is dont add weight. On the twisties the 200/3 speed is a fun car to drive. I have both a 200 and a 289 car. the 200 is way more fun on curvy roads, especially without PS on either.