Trans holds 17 quarts. 12 in the body, 5 in the TQ.
The AX4S in the SHO is physically compatible with the regular taurus (and vice versa), but a taurus AX4S in an SHO will not last long. The SHO AX4S has several more clutch packs and upgraded valves to (almost) cope with the added top-end horsepower and torque.
The SHO AX4S pan usually says "AXOD-E" or, in my case, "AXOD METRIC", as all of these trannies share the same 17 bolt pan, and - let's face it - Ford is cheap, and reused pans whenever possible.
The Gen3 SHO uses the AX4N, which, as correctly stated above, enjoys the ability to skip gears while shifting (Non-sequential shifting), whereas the AX4S must shift through 3rd when you floor it going 55.
The AX4N in the Gen3 SHO is, while very similar, incompatible with the Gen2, due to subtle yet important differences in the casing. Also, the AX4N pan is 19 bolts. Parts catalog often list gaskets and filters for both the AX4S and AX4N for the Gen2 due to some sables coming with the AX4N as early as 1994.
Therefore, when shopping for gaskets, you need to pay attention to the bolt count in it. If it's 17, it's for a Gen2. If it's 19, it's for a Gen3.
Hope this helps.