I like the looks of the CAI. I have a similar set up on my Grand prix GTP, but it kind of a mix between a CAI and a FWI fenderwell intake. On mine in draws the air through the headlight giving it fresh cool air. Is it pulling in air the same way or from under the hood. I don't know very much about mustangs, so it might be a stupid question.

Did it give a sound difference on your car? It made a huge difference on mine, the supercharger just whines so loud now

Anyways nice looking car and good luck on the rest of your wish list.