You absolutely CAN NOT compare a E-cam in a Mustang with the same cam in an Explorer.
It will be a dog off the line. And in the RPM range advertised, you will spend very little time 'in the zone'. The motor with that cam is less efficient at lower RPM's, and will result in decreased performance, and even lower mileage...ESPECIALLY if you spend any time on the highway.
That `68 Mustang is fairly lightweight. The lack of crash beams, full frame, power nothing, and no A/C....it still weighs a full 1,000 lbs less than the Explorer Sport...and closer to 1,700 lbs less than my 4 door...
I have driven a Explorer with an E-cam. It was fun in the upper RPM range....but the OEM tune has shift points set at 5k @ WOT, that can be tuned out....I know. But the reality is turning a motor at 6500 vs. 5000 just to make 11 more HP is stupid. Almost anybody in a Heavy SUV would rather choose a cam that had a lower RPM operating range, give up the 11 HP up top, and make 30-50 more ft lbs of torque before 4000 RPMs.
If he's running a T-5, the gears will be close enough together that he will always be in the power band (a 6,000rpm shift would put him at about 4,000 in the next gear) so staying "in the power band" wouldn't be a problem here since power band starts at 2500. as for cruising, i don't see how it would be a problem cruising below the peak power point of the cam given that you don't need full output power to cruise. i'm sure it has plenty of torque at 2,000 rpm to cruise down the freeway in overdrive comfortably. as for "off the line" that problem can always be fixed with a lower axle ratio. if he has (for example) 4.56 gears, with the low first gear of a t-5 he's going to be in the power band immediately. it would surely spin the tires flooring it from an idle, without even dropping the clutch. yes the mustang is lighter, big deal. horsepower is horsepower, gear appropriately and it'll fly (btw it does have a/c).
i'm running a bigger cam than the E-cam in my bronco (crane 449601), and that huge heavy beast is a rocket off the line, even with 35's and an auto trans! it's all gearing (2400 stall, 5.13 gears) fwiw it was still fast with 3.50 gears before the swap (just spent more time in the stall).
you had a bad experience with the E-cam. but you're application as different from the OP's. you had an improperly adjusted auto trans which shifted 1,500 rpm too soon, and i'm going to guess that you ran it with a stock stall and a fairly tall axle ratio as well. if any one of those 3 factors is true, i can see that the E cam would be a disappointment, if all of those 3 factors are true it must have run horrible.
as for "tuning it at 6500 instead of 5,000 to make 11 horsepower is stupid".. i think it's more like a 60 horsepower gain (over a stock/low rpm cam). if he's not afraid to wind his engine up a bit, it's going to perform great. if he's a ****** and shifts it at 4,000 rpm it's going to feel like a dog.
i don't know how you measure fast, but to me it's quarter-mile drag race. and in a drag, i'd put my money on the e-303 explorer over a stock/mind cammed explorer (given both had a 5 speed and a good driver) if you're talking about what feels more responsive when you try to accelerate at cruising rpm a little in town without downshifting, then yes.. the stock cam will appear more powerful.