Ended up ordering 1/2" spacers for '00 Mustang from LMR -- hope they fit!
I also pressed out the studs from my '01 Sport PowerStop rotors to measure them. Knurl diameter is 0.560" and length is about 1.875". I found a 2.5" long set with the same knurl diameter and similar shoulder length. I think they'll work, although they're longer than necessary.
I'm struggling to find extended studs for the rear axles though, which surprises me given the popularity of the 8.8 Explorer axle. From what I've seen, OEM specs are 0.627" knurl diameter 1.969" length and 0.54" shoulder length. There's got to be some 2.5" studs out there -- anyone have a part number? There's more 0.625" knurl diameter options available but I'm not sure if those will be prone to spinning. Also, I can't seem to find any 2.5" long in that size.