Engine swap in a 95 F150 4x4
I don't think the 5.0 computer would work on a 5.8 engine, unless you replace the distributor with a 5.0 one. I don't know if that is even possible. The tranny should also bolt up fine. If you have the smaller radiator, you might want to replace it with a larger unit. Otherwise, it should be a easy swap. My guess is also around 3-4mpg less than the 302, but you'll have a bit more highend than the 302 would have.
Pastmaster's 1993 XLT 5.0 E40d 3.55LS Normal Cab/Long bed Loaded from the factory with aid of...MSd 6a ign/s.p. wires, blaster coil, Hypertech Chip, K&N filtercharger, Cat-back dual exhuast w/o mufflers, 3.5", echo tips, Accel distributor cap, Dark Mocha over light mocha. 5% Dark tint, Alpine Cd player/remote, Pioneer speakers.