The crossmember on Mustang / Cougar is a bolt in right below the pan. Even a stock dimpled pan hits if you have saggy rubber isolator mounts. No problem with steering, that stuff is not even close.
1912 Model T Ford touring Salmon (ugh!)
1913 Model T Ford Touring original Black paint
1915 Model T Ford Roadster Black
1915 Model T Ford touring Black of course!
1967 Cougar GT 390 Cardinal Red / Black
1968 Cougar GTE 427 Augusta Green / Saddle
http://www.supermotors.net/vehicles/registry/15029/50071-2