That black metal brace is part of the underbody structure of your car. I know because I had to remove it to drop my OEM exhaust when I had to remove/drop it (stripped a bolt). Thanksfully, that piece was not "loaded"...in other words, bolt on bolt off. But yes, it was and is definitely flat. Yours has been damaged.
Someone else can chime in here, but I don't think that piece is crucial to suspension. The rear sway bars are separate from those.
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2012 5.0 GT Prem, Kona Blue, 6MT, HID, Brembo, 3.73 -- Ordered: 9/20/11, Born on: 10/20/11, Delivered 11/15/11"Marilyn" GT500 mufflers/flaps, MGW shifter, FRPP K springs, BMR panhard bar, Boss coil covers, 3DC spoiler, Llumar Tint (35% and 20%), 3M ClearBra
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