Hey Dan,
A tank 60-70mm diameter x 200mm long will be fine!
Just fit your recovery tank, join the hose firmly to the radiator and run the overflow tube in a convenient place.
Fill the tank just lower than the overflow, take the car for a run, let it cool without opening the radiator.
Then the radiator will draw coolant (100ml or so) to top it up a bit. The radiator keeps relieving and drawing coolant as it requires. A radiator will never overflow if it is under full. Unless it’s boiling it will spew it out because the boiling agitates the coolant.
Keep an eye on radiator only when the engine is cold! Over wise you’ll interfere with the vacuum effect.
You can check the overflow tank anytime. You should notice the overflow tank full when hot, a little down cold.
I always park my Mustang engine over a large flat plastic tray I bought at an auto shop, it stops the odd dip on the floor.
Cheers Phil.