EDIT: i didn't know where this question really fit in so please forgive if you feel it belongs in another forum.
EDIT: after a quick smoke break and some hard visualization/thinking i believe it to be the heatshield. Any thoughts?

89 formula 350

This morning i noticed something hanging under the car. I was in a rush to go to work but i couldn't tell if it was plastic or metal. I was driving it just fine and i suspect its just some type of splash guard?? but it is hanging right behind the bend of the y pipe and is almost like a cirular/conish shape and ideas anyone? its very thin so either sheet metal or plastic and has a big hole in it.

On good news. I had a bent axle in my 9 bolt and swapped out with a rearend from a 95 with 373 and she is running like a champ again. B&M megashifter going in some time this week.

i also heard a wierd sound but i suspect it is just what ever is hanging vibrating due to the fact my exhaust is currently removed after the y pipe.

any help on identifying what this may be will be greatly appreciated if no one knows time to bust out the jack.

 

Could be the outer shell of your catalytic converter, maybe...

 

That would be a possibility but when i had the car the y pipe was cracked about an inch long and was hanging a little, so i ripped off the whole exhaust from that crack back. So that would be ruled out. I probably should of mentioned that in the original posting my bad! sorry!

 

ah, ok...

well, I have seen a 3rd gen or two with a shell above the cat, sort of pinned to the floorboards...

Maybe that's it...

 

That's what i thought but it wasn't the case. It was some sort of dust cover over the torque converter and what not.