The 94 had less hp than the previous fox bodies.
:??:The Mustang GT's had 10 more rated horsepower in 1994 than the '93 fox... 205 -> 215. The SVT Cobra had more power, too in 1994 (235 -> 240).
I realize the 87-92 cars were rated at 225 hp, but the 1993 GT didn't lose 20 horsepower compared to the 1992 model. Ford changed their testing method for 1993, so that skews the results somewhat.
There was a huge downsizing in body and power in the mid-70's. It might happen again, but looking at what the competition is doing suggests that Ford also won't have to neuter the pony just yet... Besides, in listening to the guys who have worked on Team Mustang in the past, I think they'd rather move to Moscow than let us down. They're Mustang fans, too!