Is it a cast fill? That is the dipstick tube is O-ring sealed to the case instead of threaded into the transmission pan?
Ford built several versions of the C4 over the years. Used in everything from pintos to fairly large cars, vans, and pickups. With such a wide range of applications there are plenty of different levels of build. The mustang was considered a small car, didn't need a heavy duty version of the transmission. The case fill housing isn't as strong, but strong enough. The Bronco is probably the most severe service the C4 was ever installed in from Ford. They put the best parts they had into it. The strongest case that was also used in the big cars. The best servos. And for good reason. The transfer case, in low range, creates a lot of torque. That torque multiplication is carried through the transmission into the engine block. Even if the engine isn't that powerful, there is a lot of gearing that can make a lot of torque. The double transmission mounts do help a little, but still the transmission case takes a lot of the brunt.
Will a mustang C4 work? Yes, and for the most part it will work just fine. Drive it normal, with the right axle gearing for the size tire, it isn't an issue. Drive it like it was a farm truck and you are only a worker on the farm and not the owner of the farm, probably isn't going to last very long.