I just came across “Classic Recreations” based in Oklahoma.  They take stock 1966-1967 mustangs and hand build them into Shelby Mustangs.  First they do a ground up restoration including legitimate Shelby parts as well as modern performance car pieces.  Below is a screen shot of one of their pages.  From what I’ve seen and read these cars which are hand built as per order are fantastic.

Home \ 900S Shelby GT500CR Convertible Specs
The Shelby GT500CR Convertible is sure to raise your pulse with its horsepower and the reliability of a fuel injected car. Each Shelby G.T.500CR Convertible is hand built at our facility located in Oklahoma. Modern amenities include authentic Shelby Performance Parts, rack and pinion steering, race inspired suspension, over-sized disc brakes, and more. We start with an original 1967 or 1968 Mustang Convertible and perform a complete restoration including media blasting, sheet metal replacement and show winning paint and body. Each authentic Shelby G.T.500CR Convertible will be listed in the Shelby Worldwide Registry. Please read the vehicle specs below.

Investment starting at $219,000
545 Shelby GT500CR Convertible Red
1967 Mustang Convertible Shelby GT500CR

900S Convertible Model Specs

Color Availability:
Grey/Black ,Red/White, Blue/White, Black/Grey, Yellow/White
**Custom Colors Available Upon Request
Drivetrain:
427 C.I Crate Engine(790 H.P.)
F1-R Procharger w/ 3 Core Intercooler (21PSI)
Mass Flo Fuel Injection
Tremec Manual Transmission
9″ Fab 9 Rear w/ 3:50 Gear Ratio and Posi Traction Installed
Concept One Pulley System

Steering:
Rod and Custom Rack and Pinion Conversion (Power)
Flaming River Tilt Column(polished)

Interior:
Carroll Shelby Signature Seats
Simpson 5 Point Camlock Seatbelts
Carroll Shelby Signature Gauges
200mph Speedometer
Woodgrain Aluminum Steering Wheel
Old Air Products A/C System
Deluxe 1967 Door Panels
Deluxe 1967 Dash and Trim
Carroll Shelby G.T.500CR Console
Carroll Shelby G.T.500CR Floormats
Carroll Shelby Padded Rollar

Stereo system:
Pioneer CD player w/ removable face
Digital Designs Custom Subwoofer Enclosure
Digital Designs Hand Made Component Speakers(4)
Digital Designs Amplifiers(1000 Watts)

Wheels and Tires:
Shelby 427 Wheels 17X8 front
Shelby 427 Wheels 17×11 Rear
High Performance z Rated Tires (Nitto) 245/45/17 Front
High performance z Rated Tires (Nitto) 315/35/17 Rear

Exterior:
Authentic Carroll Shelby Exterior Fiberglass Enhancements
Sequential Shelby Taillights
Carroll Shelby G.T.500CR Emblems
Carroll Shelby Lemans Racing Gas Cap

Fuel:
Aeromotive 1000 Electric Fuel Pump
Stealth 18 Gal Fuel Cell

Brakes:
Front: Shelby/Baer 14″X1.1″ Two Piece Rotors
Rear: Shelby/Baer 14″X.81″ Two Piece Rotors
Slotted, Crossdrilled and Zinc Washed
Adjustable Rear Proportioning Valve
6 Piston Calipers Front and Rear

Electrical:
Trunk Mounted Battery(Optima)
MSD Ignition

Exhaust:
BBK Ceramic Coated Headers (Longtube)
Dual 2.5″ Exhaust
Magnaflow Stainless Steel Mufflers

Cooling:
Becool Aluminum Crossflow Radiator
2-13″ Electric Cooling Fans

Chassis:
Tubular Sub Frame Connectors
Cosmetic Rollbar

Suspension:
Rod and Custom Mustang 2 Coilover Front Suspension
TCP G-Link Coilover Rear Suspension
Sway Bars Front and Rear

Available options:
RHD (Right hand drive) $12,500
Automatic Transmission N/C
Flip out Television with dvd $1000
**Custom Options Available Upon Request

SHELBY®, CARROLL SHELBY®,The “CS” Logo®,GT500®.GT500CR™,Outward appearance (trade dress) of the 1960s SHELBY GT-500 vehicles®,are registered trademarks and/or intellectual property of Carroll Shelby

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