Yo Tower!
Yep, you have one in that 5.0
EDIT;
Had to Submit fast because my Comcast folks just don't have a clue as to why it isn't good to run the lines through the pinies and along lakes here.
I think your stangs TPS is the adjustable type...
Installation and Adjustment Instructions for 1986-93 FORD 5.0L MUSTANG w/ IAC
http://www.holley.com/data/Products/Tec ... R10018.pdf
iggie all but the TPS info
you can see the adj info in a Chilton or Haynes manual' autozone (I know..see the info about da zone below my av<
by registering at
http://www.autozone.com
and Click Repair Guides...
Look here too;
http://allfordmustangs.com/forums/5-0l- ... motor.html
BOO KOO Stang info !!
http://www.veryuseful.com/mustang/tech/engine/
Also;
Throttle Position Sensor (TPS) Screws TSB 89-14-07 for 89 & prior Light Truck & Car Lines
Source: by Ford via Steve83
TSB 89-14-07 TPS Screws
http://www.supermotors.net/registry/media/747753
Publication Date: JULY 14, 1989
FORD: 1983-89 CROWN VICTORIA, MUSTANG, TEMPO, THUNDERBIRD
1984-89 ESCORT
1986-89 TAURUS
LINCOLN-MERCURY: 1983-89 CONTINENTAL, COUGAR, GRAND MARQUIS, MARK VII, TOPAZ, TOWN CAR
1984-87 LYNX
MERKUR: 1985-89 ALL MERKUR LINES
LIGHT TRUCK: 1983-89 ALL LIGHT TRUCK LINES
ISSUE: All Throttle Position Sensor (TPS) mounting screws have a "Pozidrive" head. The "Pozidrive" head looks a lot like a Phillips screw head. Use of a Phillips head screwdriver to remove a "Pozidrive" screw will normally result in a rounded or damaged screw head. Many technicians think it is an overtorqued or "frozen" screw. An adhesive was also used as a thread sealant starting with the 1988 model year. This adhesive requires still more effort to loosen and remove the screw.
ACTION: To prevent rounded or damaged screw heads when servicing the TPS mounting screws, technicians should always use a #2 "Pozidrive" screwdriver.
OTHER APPLICABLE ARTICLES: NONE

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looks like this
Professional Products Throttle Position Sensor (86-93 5.0L)
This Professional Products Throttle Position Sensor is designed as a direct fit replacement on all 1986 to 1993 5.0L Mustangs.
http://www.americanmuscle.com/profess-tps-8693.html
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Suggest you do a Diagnostic Trouble Code Test (DTC) first to rule it in or out /find other problems... post any code found here
How To Run a Self-Test
http://fordfuelinjection.com/?p=13 by Ryan M
Don’t worry if the Check Engine Light is not on, the computer will store lesser important codes without flashing lights in your face. First you need to find the self-test plugs to read codes from the EEC. There are 2 plugs to find. One is triangular and has 6 pins; it is called the Self-Test plug. The other is a smaller single pin plug; it is called the Self-Test Input (STI). These are what the plugs look like. The self-test plugs are located along the driver�s side fender by the firewall on 1986-95 Mustangs.
