Howdy Back Passauf:
Yes it is. The 1983 version of the 200 has many of the best features ever available for a 200 six. And, yes, this head was used on 200s and 250s from 1980 to the end of production. What trans is in your car. More good news is that the '83 Futura line is built on the Fox platform, so many of the Fox Mustang stuff is a direct swap for suspension stuff.
The down side of this era of 200s is that they were the most crutched up with EPA fixes. Those most hurtful to improving performance are;
*The Holley #1946 carb is probably the most imposed upon carb ever, with vacuum, thermal, and electrical switches to improve emissions and economy.
*Next would be the advance cam timing, which was supposed to help low speed torque designed to crutch the too high rear end gear ratio.
*Too high rear end gear would be the next performance killer.
*Then the compression ratio is down to 8:1, down from 9.2:1 in '65 & '66, which hurts torque.
*And lastly, the exhaust is hindered by a fast burn catalytic converter attached to the exhaust manifold. This system was inefficient when new, and doesn't improve with age.
The pluses are;
*The best production head available, and it can easily be improved upon, by milling, three angle valve job and backcutting the intake valve.
*The best production air cleaner/climatic control system. It Provides hot air to the carb when it is cold and cool air when it is hot.
*The best production ignition system, the DuraSpark II.
So, start by assessing what you have- transmission? Rear gear ratio? engine condition/mileage? Next start planning by deciding on what you want when your finished. Share your thoughts with us and we'll share some ideas back at you. Be sure to read up on all this stuff here too.
Most of all enjoy the journey.
Adios, David