Just a case in point - if you convert your T-5 to mechanical speedo drive you will only get close to your actual speed reading in 4th, its 1:1 ratio. 5th gear will be off around 8% give or take with tire size, rear gear ratio, and your 5th gear final output. I have a 32 5-window with an 88-93 Cobra 5-speed, 5th gear being a .72. My tire size is 235/85-r16 (almost 32 inches tall), rear gear a 3:23 (9”). In 4th I reads almost perfectly correct according to my gps. 5th gear however is off. @65 on my speedo, my gps reads right around 60 - about 8% off. At least it’s in your favor, right?!?! The faster you go, the greater the difference. A small price to pay and no big deal. Your stock 40 Ford speedo cable will screw directly into the mechanical T-5 gear btw. In this same car I have 35 Buick gauges and it bolts directly into the T-5 as well ….
Good luck!