I used a smaller diameter water pump pulley on my outfit - from a 289 I believe - bought a two groove and had the back groove cut off. It is 6 inches OD - the stocker was 7 inches. Speeded things up by the ratio of 7 divided by 6 = +17% so it pumps more water which is what I wanted. This was good..
I was also running a six blade fan - and the fan noise really went up. So one of the guys here mentioned they bought a kit from CASCO(?) to fit a fan clutch. I read up on fan clutches and found that they "waste" some RPM - slip to the tune of about 10%-20%, just right to get my fan speed back down where it was before.
Being a cheapskate - I got on Google, found Hayden and spent about a whole evening working my way through their catalog of clutches. I only found two worth trying on the T-bird - they are listed for the early eighties Bronco and F-150 with a 351. There is a "heavy duty" (#4797) and a severe duty (#2797). The biggest difference between the two is that the clutch area on the #2797 has about twice the friction area of the #4797. The mounting bore of the #4797 is 3/4 inch and (according to the catalog) it includes a sleeve to take it down to 5/8. The severe duty #2797 has a 5/8 bore and no sleeve.
Both of them have the same mounting dimensions from the flange face to the centerline of the mounted fan - about 1.50 inches. The normal T-bird spacer is 1 inch thick - so the fan centerline is about 1/2 inch closer to the radiator. There was plenty of room for the clutch and heatsink that hangs out the front.
Both of the fan clutches are listed by several suppliers on the web - but I bought mine (new) on ebay for $20.
Steve Metzger Tucson, Arizona