I used to own a 1995 GT and while yes, they will fade, I think a lot of others will too in R. I think ducting can go a long way to help them and as far as I know nobody has real life data on THOSE brakes with top prep ducting. The car would be cheap, reliable, and easy to maintain - exactly what you want in an IT car. Competitive - well, I don't think she'll be a front runner but I'd be tempted to build one since I'm a Ford nut.

Ron