You'll get better tourque with the P heads but not much HP.
The mustang headers require extensive modifiction to the passenger side. The stock Bronco header dumps straight back where as the mustang header dumps down. By the time you modify it you will lose any gains from the head swap.
The spark plug angle of the P also means you have to clearance individual tubes for plugs, performance loss again.
So, if you want to save a buck on headers to waste money on losing performance go for it!
ETA: Im running P heads with the Sanderson headers. Perfect fit
P heads need P headers, plain and simple. They will run you about $300. The short cuts arent worth it otherwise.