A bit of drift if you don't mind. The Mustang wasn't "sold" to BPC as a long range escort. The story, that I never researched, was that the BPC approached NAA to build licensed copies of the P-40. NAA said it could come up with something better.
What was NAA's pitch? What was this better (and nonexistent) plane supposed to be better at? It had to be something more than "we'll have something better!" As happy as the RAF might have been with the T-6, what convinced the BPC to risk Britain's safety with a plane still on the drawing board?
Basically what NA was offering were 2 things.
1. More guns. four .50s and four .30s instead of two .50s and two/four 30s.
2. More speed.
Note the date, this is within a couple of weeks of the first production P-40 actually flying. and a number of months before the Mustang I flew. They are paper promises.
Also note that the Mustang prototype didn't carry as much fuel as as the P-40 did. True. Also note that both planes were supposed to fly combat with 120 US gallons and the Mustang I first flew with 170 US gallons max and the P-40s flew with 181 US gallons max.
Then things got complicated. I don't know if NA was planning on putting in protected tanks. However the production Mustang Is were delivered with protected tanks and 180 US gallons max although when the XP-51 was tested by the USAAC in Dec 1941 it weighed 7934lbs. which does not seem like it was carrying full fuel.
P-40 fuel capacity declined. First to 160 gallons on the P-40B and then to 135 (?) on the P-40C and then back to 148 in the D & E.
P-40 fuel tanks were limited by the space they had to fit them into and when they put the really thick self sealing material in/on them they lost fuel capacity.
You will find variations according to sources and the later P-40s are all over the place. They would take out the forward tank and put it back, some sources say the Merlin powered ones used a larger rear tank, P-40N-5 and later used different tanks with different protection.
You can find different tank capacities for the Mustangs and Allison P-51s too. On occasion you can find differences between the left and right tank but that may be because one tank was fitted with a separate fuel tape to act as the reserve? British originally said it had 140 IMP gallons. max.
NA had time to set up the tanks to accommodate the protection requirement.
I will also note that the P-40's fuel tank use order changed with some of the engine changes in order to keep the CG balance as fuel was used. An unwary pilot who jumped from P-40 to P-40 without checking the manual could find himself with CG problems.