Lower part of the body at Dearborn was applied to the body (doors and quarters) before the exterior color was added. Much like I understand the Cougar GTEs were done. This really changes the whole idea and effect of the body color overspray onto the undercarriage/ floor section of the car.
Believe, like in earlier years, the hood was done after body color was applied like the black out at the back of the hood and the front fenders at the windshield opening. Of course the black out likely varied depending on what year your looking at