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Oil and engine care
I have to chime in here on a related subject. It recently occurred to me that I hadn't had the transmission serviced since it was freshly overhauled, like 15 years ago. Not like me to not keep the car maintained, but I guess since the trans has never given me a lick of trouble, I just kept the fluid level topped off and kept driving it. Well, two days ago I brought it in to the local well known trans shop for a service. New filter and fluid, and they said everything is Kosher with the FMX. Might be a good idea for many of you to change your fluid and trans filters too if it's been a while, as I just did, BEFORE the trans has any problems.
Did they drain the torque converter as well and install a new gasket while they were at it?

71-73 Mustangs never die, they just go faster!
Didn't know you could buy the Aussie Penrite oil in the UK
Not a bad oil and I have their high zinc break in oil in mine even though I have a roller cam
Used to love the USA made Pennzoil but can't seem to buy it over my way, best oil back in the day
As others have said Valvoline VR-1 is good and I have a box of it for my next couple of oil changes
You will be fine with what you have gone with as your engine is well and truly broken in
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