OK I'll play...
1. ICV (replaced)
2. Vacuum Leaks (did TB heater delete and replaced hoses)
3. o2 Sensor (replaced)
4. Plugs & Wires (replaced as part of maintenance)
5. Fuel Injectors (mustang 19#)
6. Exhaust Header Gasket (had a leak)
7. AFM (replaced)
8. Engine Temp Sensor (replaced)
9. Throttle Position Sensor (replaced)
10. ECU swapped (known good unit)
Also had engine smoke tested (no leaks), fuel pressure tested (40-50psi)... no problems. I am guessing this problem is completely external to the motor. Reason for this conclusion is that I swapped in a rebuilt motor (20k miles) that didn't exhibit this behavior in the donor car. Only after being put into this chassis did it start doing this. The original motor in this chassis did this as well... so something external to the motor is causing this. Rules out most sensors, vacuum leaks, or timing. Any other ideas guys? I was thinking maybe fuel pump... but fuel pressure tested ok.