More than a couple have done it on their mustang and also more than a couple have blown up their car doing it. Some are having good luck with it (probably in the tune) but it does put a ton of heat and wear on the car. I would go turbo and make more power and be happier
The kit for the roots blower M112 blower probably isnt to expensive but for a grand or so more you can bolt on a turbo kit. With the M112 and about 10 psi they seem to push high 200/200's at the rear wheels... pretty sad when a turbo can blow those numbers away.