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[jxville]

I could use some sound advice, as to my options.
I am converting a 1965 Mustang from automatic to the 5 speed T-5 transmission. In my infinite wisdom , the one I purchased is from a 1994. Knowing now that in the 94 and 95 the input shaft is longer. Here are my options as I see them. Spend the $200.00 and order the correct shaft or will a 94 bell housing bolt up and plan on cutting the floor another 2" back.
Any thoughts or other ideas would be greatly appreciated.

[Soaring]

I haven't done the swap myself, but I have talked to a lot of guys who have, and there are definitely some mods you are going to need to do. 
Here is a "How-To" article that should answer all your questions.
http://www.fordmuscle.com/archives/2000/09/t5swap/

[66GTKFB]

Consider getting a 'Mustangs Plus' catalog. They are in Stockton, CA, and the catalog has all the necessary parts listed - plus you can get info from them by e-mail.
Jim

[Soaring]

They say they charge you 2 bux for their catalog, but if you call them they will most likely send you one for free.  I absolutely refuse to pay for any vendor's catalog.  At any rate, here's the info you will need.
http://www.mustangsplus.com/xcart/home.php?cat=2099