If you really want a 5-spd then you have to get the GT, it isn't available with the Turbo Lite.
Various car magazines show 1/4 mile times for a stock GT with the auto trans at 15.7 seconds. I have a Turbo Lite with Stage 1 (yes, it works just fine) and I've run 15.0 in my first attempts. I'll be running again on the 17th of July with some ideas on how to improve. Others around here have run mid 14s with boost controllers. Rice_Killing_GT ran a 14.2 right next to me one night, but he's got a couple of other mods.
1MeanPT is right about the nicer suspension, brakes, etc on the GT. I've replaced the shocks/struts/springs/tires/wheels on my Turbo Lite so that really isn't an issue for me. Stage 1 on a Lite or GT yields the same result: 235-240HP. Why did I go for the Lite? I loved the interior of the Platinum Series and, well, I did all the mods listed above so I got what I want and can eat Mustangs for lunch!
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