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ford had us move all the stuff out of the way and chisel the retainer off the rivet then pound it out then drill it out larger 1/2 inch i think and replace with a bolt they supplied. it was extremely important to move all the stuff out of the way to drill stright or the noise would reappear.
I have a 97 f-150 with this annoying clunk also, everyone tells me it the bushings in the front end so thats what I have chocked it up to. Replaced all my tierods and lower balljoints and it still clunks. Next I'll try replacing the bushings and see what happens.