Fact is the man know whats he is talking about. And it works.
The keyed set up Ford uses is a joke if you spend any great amount of time on gravel, dusty, and muddy country roads. The road gunk will get into the small insert of the truck mounted part of the cylinder and not allow the two pieces to align and interlock. The smartest thing you can do soon after you buy a Ford truck is to lower your spare tire. Remove the entire cable hoist, pull off the long plastic alignment tube and use a screw driver to pry off the lock cylinder from the end. This will leave the slotted end that has been the standard used before Ford felt the need to install the semi-worthless key set up. Then reinstall the set up in the reverse order. You will then in the future just use the rod under the hood with out attaching the key/lock for raising and lowering your spare tire.