Clearcoat (C/C) paints were first optonal on the Mustang at the beginning of the 1990. That model year and through the '93 model year, most but not all available colors were C/C, and most of the C/C paints were "metallic"...
'90 production colors (non-C/C bolded):
AG Bright Yellow C/C
EH Cabernet Red
EL Wild Strawberry C/C Metallic
EP Bright Red
MA Crystal Blue C/C Metallic
MK Twilight Blue C/C Metallic
MM Ultra Blue C/C Metallic
PA Deep Emerald Green C/C Metallic
YC Black
YF Light Titanium C/C Metallic
YO Oxford White
YU Deep Titanium C/C Metallic
'91 production colors (non-C/C bolded):
EL Wild Strawberry C/C Metallic
EM Medium Red
EP Bright Red
KA Light Crystal Blue C/C Metallic
MK Twilight Blue C/C Metallic
MM Ultra Blue C/C Metallic
PA Deep Emerald Green C/C Metallic
UA Black C/C
YG Medium Titanium C/C Metallic
YX Titanium Frost C/C Metallic
YO Oxford White
'92 production colors (non-C/C bolded):
EL Wild Strawberry C/C Metallic
EM Medium Red
EP Bright Red
K3 Bimini Blue C/C Metallic
MK Twilight Blue C/C Metallic
MM Ultra Blue C/C Metallic
PA Deep Emerald Green C/C Metallic
PM Bright Calypso Green C/C Metallic
UA Black C/C
YG Medium Titanium C/C Metallic
YX Titanium Frost C/C Metallic
YO Oxford White
'93 production colors (non-C/C bolded):
EG Electric Red C/C Metallic
EP Bright Red
EY Vibrant Red*
ES Vibrant Red C/C*
KF Bright Blue C/C Metallic
LA Royal Blue C/C Metallic
PD Reef Blue C/C Metallic
PM Bright Calypso Green C/C Metallic
UA Black C/C
WB Vibrant White
YN Silver C/C Metallic
*ES Vibrant Red C/C replaced EY Vibrant Red mid-year