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Yes, it unscrews, but I've never heard of anybody having much success repairing any of the parts, like the O rings that fall into the bowl sometimes.
Also, there's a large O ring seated in that bottom cup that's difficult to replace.
That O ring is hard to get for the reservoir
There hasn't been a filter in that reservoir since 1986
If you do take the cup off, the O ring will swell and need to be replaced
** Ask for a 1985 Bronco fuel filter at the parts store and you'll get the O ring