I think talking about just the car is a great idea, so I did a little more looking at the photos. Trying to not hit the nit picky items. Does this about cover it?
Of note:
I don’t see a means of filling the cooling system, and no tank.
It has a power rack. Many consider that a big upgrade for a driver.
Exposed unfinished edges above the dash. High end builds rolled the edges.
Fuel and brake line issues need to be resolved.
Drum rear brakes with donor four link. (Fox mustang, not 65).
Donor front suspension (Fox mustang, not 65)
Oddly installed quick jacks
Paint issues with stripe alignment
Nothing to hold trunk open, however, trunk does appear to have been improved a bit since Vanguard sale.
No
oil cooler. The empty hole at least needs a faux cooler.
The Vanguard pics show the drive shaft with dangerously little length into the tranny. In the ebay pics, this issue may have been corrected. Warrants a close look.
Shifter different from Vanguard photos. Different tranny may account for drive shaft issue being corrected.
Vin stamp may not be “original” FFR stamp.