Towing with 2002 F150 and Class III Tow Package
I would suggest that you consider buying an F-250. The weight you are talking about is going to push the F 150 close to the limit. By the time you add fuel, people, gear,etc. you could easily overload the truck. With the F 250, get the tow package, 5.4, and at least the 3.73 gears and possibly the 4.10 gears. If the truck is going to have a steady diet of pulling this load- the F 150 ain't gonna last long.