Welcome, and be very careful with what you are trying to do with a truck valve body. I am in the process of building a 99 4R70W trans, and have been told and read many times that the truck VB's do not respond well to aftermarket shift kits. I was given a list from a man off the top of his head, as to which holes to not go that big on, if I had to use the truck VB.
I could mention those holes, but I think the best solution is what I'm about to do. I bought a used car VB from a later Mustang(2003 supposedly). If after inspection it looks good enough to use, I'll build that one with the Jerry's mod holes and install it in my trans. I hope to get into that today to at least verify it's usable, the price was cheap and you never know.
You can use the later VB's if you hadn't read that yet, you do need to buy two spacers which go over the later VB guide pins. Your VB has larger guide pins, which stick out and line up the holes when you install it. The later VB's from 97 on have much smaller pins, so you would have that convenience when installing, without the guide pin spacers. I don't know what else to call them, or where to find them, but surely many trans sources would know.
You do need to replace a few parts, updates which should be done for 97 and older 4R's. Change the DTRS sensor(gear range, outside), the two shift accumulators(1/2, 2/3), and install the later overdrive piston if it still has the smaller one(with sleeve in bore). Those are inexpensive parts, change those.
I'd also change the EPC solenoid every 60k if you can, it's good maintenance. Those don't wear out internally like the 5R trans, but the outside can get loose, worn. If that happens then you have a leak around the EPC, and wear of the trans case. The case is not repairable, and the best prevention is a new EPC every so often. 60k miles was suggested to me. Regards,