Howdy EddieJ:
My compliments on your excellent discission. Know that you have the well spring of many of FoMoCo's better ideas. It will become the foundation of many vehicles, including the "All New" Mustang, from 1960 to well into the 70's. Know your heritage!
It's ironic that the Falcon Performance Handbook became a reality when my nephew bought a '62 Falcon with a 144 and a 3 speed. He ask his dad and uncle what he should do to get a little more power out of it. After we unloaded on him several times, he said, "You guys ought to write a book". We did!
1st check the casting # of the head and the block to determine what you have. What trans?
Yes, EddieJ there are a bunch of things you can do to get the most out of your ancient bird. Read this forum regularly and learn, buy a shop manual and study, ask questions and listen. Then decide for yourself what you want; restore, restomod, street machine,???? Then plan and budget. And, of course we'd love to hear that the FPH is of use to you.
Best of wishes on this project.
Adios, David