The Ford Lightnings of that era had a nice front air damn. I am sure there are many fiberglass knockoffs to be had that'll give you the same benefit.
Also, does it have normal lockable hubs? If not, removing the automatic hubs and going to manuals will help ya some too.
The 300 is a BEAST of a motor, but I've never heard of it talked about positively for gas consumption. Best of wishes! I'm guessing you have the Ford 8.8 in the rear. You might be able to find some 3.23 gears (assuming it's 3.55) to better use the MOUNTAIN of torque that motor has.
You might look into getting some 16x7 wheels and 235/85R16s.
Nice and narrow yet still tall.
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- Greg
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