Ok my friend has an old 65 Mustang, i drove it and it didn't seem very fast. Now he's having the engine rebuilt, and getting new headers and exhuast system. Do you think I'll have any chance racing him in my max? Keep in mind by then i'll have the stillen Y pipe, both are automatic but his is a 3 speed i think, even though the shifts aren't too great on ours i'd imagine they're better then his. So anyway what do you think my chances are in beating him (1/4 mile)

 

NOPE!
Ford has a strong bottom end so they can handle a lot HP once he gets to modifying. He'll probably move into the category with LS1's if he does it right.

 

Anyone know anymore about 65 mustangs, w/out any real racing mods, pretty much just restored.

 

IMO, I'd say you'd beat him, even after he rebuilds his engine. His mods are minor, so you have nothing to worry about...YET!