Hey Blake, it is so far. Here is a mod list that I got from the previous owner.
1999 Cobra 4.6l 32 valve
JBA shorty headers
T-45 tranny
Wilwood power 4 wheel disc brakes
1991 8.8" Ford w/3:08 gears differential
Heidt's Mustang II suspension kit
Ididit steering with Grant wheel
Custom 22 gallon tank
Flexfan radiator
Auto Meter gauges
Eleanor E-2 body kit
Shelby custom 17's staggered wheels
Some other small things that I am learning and finding out. Planning on supercharging it and possibly NOS, but it's pretty fun and got some juice already.