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This is the Ford Racing S347JR crate motor (PN M-6007-S347JR) that is advertised at making 350 hp at 5,500 rpm and 400 lb-ft at 4,000 rpm, though Ford generated those numbers with the circle track–spec 500-cfm two-barrel carburetor. It probably makes a little bit more torque with the Holley Terminator EFI throttle body hiding under the Scott Drake air cleaner. For more information on this portion of the story, check out the January 2016 issue of Mustang Monthly, or see the link at the bottom of this story.