Because of the unibody construction on these cars, and the way the front end works to transmit kinetic energy not only through the frame rails, but also up through the shock towers and through the braces into the firewall, it's complicated.
Many people remove the shock towers in order to fit wide engines, like Coyotes for example. To make that work, they usually use a stiffer crossmember with something like a Mustang II suspension. There are big downsides though: the suspension travel is shorter because the arms are shorter. The geometry changes for the worse, because the shorter arms cause the tire and wheel to move through more of an arc with the smaller arms as it moves up and down. And lastly, you have two rather spindly frame arms attached to a somewhat floppy body holding the entire front end. If you don't want to experience terminal cowl shake, or watch your fenders beat up your hood, you'd need to tie things together with a bunch of heavy duty bracing, and that's a pain too.
If you want cost-effective solutions, the best things you can do to your ride and handling are pretty straightforward for most cars.
Do the Shelby/Arning drop to fix your suspension geometry.
Get a 1" front sway bar
Get the best shocks you can afford, for all four corners. I'm a big fan of Bilstein, but if it's in the budget, think about a good coilover setup. You can talk to someone like Shaun at StreetOrTrack about this.
Get the slop out of your steering parts, and don't forget bushings (like the donuts on your strut rods).
Have you ever greased your steering box? Didn't think so... and neither has anyone else. If there's play, as
@66coupe289 says, send it off to Dan.
Use an export brace, and consider a Monte Carlo bar if you want to carve corners.
Last, but certainly not least, do an alignment that suits modern radial tires. You need more caster. This will make a tremendous difference.
There are a lot of other things you can do to greatly improve your handling and ride; adjustable strut rods, rollerized perches, variable rate front springs - the list goes on. But the above stuff will get you leaps and bounds ahead of where your stock suspension is. If your car's like mine, you are wallowing around corners, front tires squealing like a 1970s cop show if you're doing anything beyond "dead slow", rolling like the Queen Mary in a swell, and that's not much fun. Doing the above changes will really change the car's character, and make it a blast to drive.
If you're a racer, you may want to go farther than this. But as far as "donor car parts" there are many things that have been tried, but few would be considered an improvement. Including the Granada spindles I was dumb enough to put in my car back in 2000. =)