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Hmmmm, I looked up your car in my Hollander exchange book and it says the 67 Mustang's have a C4...... anyway, a few things you're going to need from the ranchero is the block plate and the bell housing from the transmission.... as well as the flexplate or the starter won't line up properly, you'll also need the motor mount to frame brackets..... I don't know if the ranchero's will fit the mustang..... my exchange book only goes up to 1968, the only other thing I can think of is the wiring harness..... also I've heard that the fuel line for the six cylinder is smaller than the V8's, and can cause vapor lock if it isn't changed to the larger size..... but this I couldn't say for sure.
If the ranchero's transmission is in good working order and has a floor shift I would just swap the whole engine / tranny combination, another thing I've heard is that the torque converter in the six cylinders tranny isn't built to take the V8's power..... and should be changed to a V8 model, and that after 1970 the input shaft is larger so the converter from the ranchero won't fit in the mustangs tranny..... of course this is second hand information so I'm not positive, I've never swapped a 6 to a 8..... I've only owned V8's and swapped V8's to larger V8's.
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