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Could anybody tell me what oil specs you're using on the 5.4L ?
Here in Europe is a tendency to use more synthetic oil, for instance 10W30 or 5W30. The temperatures here are very mild: min about -15 and max about +30 gr Celcius.
I use Motorcraft 5W20 synthetic blend in mine. This is what Ford calls for, so I will use it. I have always had good luck with Motorcraft oil in my 88 5.0 LX Mustang. 156,000 hard miles and still going. Always use a Motorcraft filter too.
Jimmy