Actually, it's apples to oranges.

ITA - 1:43.388, 7/31/2005. Joe Moser, CRX Si

Lap record, itA, CLUB course, (correct?) Set last year.

The Mustang time of 1:45 is the "pro" course, which is shorter/faster.

So the time should be significantly faster than ITA.

Again, it's not apples to apples though.
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I don't think it is a matter of comparing on track times to justify the car. The car fits the process, that is known, and could be in ITR now if not for "V8 Stigma" that lurks within some within the SCCA. Anyhow, mote point now. Most important is to get ITR going. The V8 is out for 2007 and maybe can be added in for 2008 if voted in.