live axle = solid axle = "dependent" rear suspension. It doesn't imply anything about the diff itself, they can use all the same types of LSD as an IRS setup.
Mustangs have a clutch-type LSD in most models that have one, at least that I know of. The '99+ Cobra has an IRS and a clutch LSD, others have a solid axle with a clutch LSD.
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