That's what I would do. Now that you have the car sitting right, I think you will now notice some improvement in the handling. True it will never handle like the new Mustang unless you go all out. If you want the suspension can be setup strictly for handling, but there goes your comfortable cruising. Your stock sway bar with the addition of a rear sway bar will help balance the car without sacrificing ride. Stiffer torsion bars will also improve your handling as long as you keep the ride height the same. Adding a larger front sway bar will stiffen the ride and improve handling, but on a 70 will probably require modifications to the K member. You can go to a 67-69 style sway bar but that will require changing the lower control arms for the different sway bar tabs.
I will tell you from first hand experience on my 68 Dart GTS that it handles like a slot car, but on the other hand it's fun for about 20 minutes. After that its literally beating me to pieces. Here is its scenario. 1&1/2" front sway bar, frame connectors, small 3/4" rear sway bar, SS rear springs, and stiffer torsion bars. Tires on all 4 corners have no more than 4" side walls and are 60 series. I competed in Autocross events for a couple of years with it. I guarantee it handles better than your Mustang. Just don't try to go on a cruise for 60-70 miles. With your Mustang you have a balance of ride and handling and I think that's what you are trying to achieve with the RR.