That's the place to start. Now search for help from others who have done the 86-93 Mustang swap. I have owned four Mark VII's, the HO 302's from them are exactly the same as the speed density Mustang 302 HO's. They have the same front accessory drives, except the alternator is larger. Wiring is identical, I converted one of mine to mass air, before I wrecked it.
That AOD has good potential, but do make sure it is from 1989 or newer. There was some output shaft lubrication improvement in 1988 or so. There are some upgrades you should do to that AOD. Do you have a transmission builder? Any competent trans tech can do this; ind a later AODE or 4R70W for parts. The 4R70W would be a slightly better choice because of the "W"ide ratio planetary gears. Don't pay more than about $200 for one, or get a burned up trans.
What you want from the core 4R70W trans is the rotating guts from it. They have a wider OD band(high gear), four 2nd gear clutches/frictions(instead of three), and the W version has the planetary gears, to lower 1st and 2nd gear. Bought separately new, they would be over $500. Also go to Ford and buy the Supercoupe "A" OD parts. Those three parts used to be about $50 from Ford(OD servo, OD cover, OD spring).
I still have an AOD TransGo shift kit, which I may never need. Good luck,
Don