Hi John
I have a little over 1000 hours in the T-38, but I am not currently flying it and can't help you with your questions since they don't have T-38's where I am flying now. It is definately possible to make a sim feel exactly like a T-38 since the real jet doesn't have any feedback from the controls. It is all artificial caused by springs and bob weights, but you probably knew that.
Maybe this company can help you. They specialize in restoring T-38s:
http://www.thorntonaircraft.com/body/body.cfm?page_name=milGood luck
Run