Well, I'll be the oddman-out and confess. My C/S had the typical Mustang Sag, with the original springs in place. I installed new, stock rear springs and still wasn't happy with the low rearend stance. If you have the GT dual exhaust set-up, there's not enough clearance for shackles. Soooo- I installed air shocks from JCWhitney & inflated them to where I have 27" (measured to the rear wheel lip molding from the ground), using 14" SS wheels, P215/70 tires. I am now content with the stance, and I'm not worried about the air shocks leaking or blowing as the car only gets driven 500+/- miles per year. As far as handling characteristics, I've not noticed any detrimental handling because I drive it rather sedately anyway.
As far as the shock pan (accessed thru the trunk), I'm confident that it will more than support any extra stress that's not absorbed thru the airshock pneumatic accumulator.
As far as the 1.5" lift on aftermarket (or modified originals) springs, I don't believe it will give sufficient amount of lift. The reason I say this is when I installed the new stock springs, and was not satisfied, I experimented as to how much additional lift was required to give me the stance (27") I wanted. It required an additional 3" to do so. That could only be accomplished by using shackles which 1.) look ugly sticking down, visible @ the rear valance, 2.) shackles won't fit anyway if you're running the GT dual exhaust.
So, that's my story of how & why I opted for airshocks. Depending on what type and how much (and how hard) you drive your C/S, you'll have to determine. As the cliche' sez: Build it the way you like it.
Neil