Can these work, tell me why or why not please

 

Yes, they will work... sort-of.
You can mount them to your car because the bolt pattern is the same, however since the offset is so low, they will stick out a lot farther than the stock wheels and tires.

These are the ones you want. They have a +36mm offset. It's not perfect, but it's as close as you're going to get in that style.
Oh, and they're made by the same company thta makes the ones you pictured. Several Mustang stores carry them, btw.

http://www.mustangtuning.com/wheel-replica...r500-wheel.html

Oh, and one more thing, if you get them, you don't have to keep the cheesy Cobra center caps. The Pony center caps from the 01-04(?) Mustangs fit perfect.