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My '89 460 from an F350 had the TFI module attached to the distributor. It was shot, so I had to replace it.
I had a hard time finding the correct distributor at a parts store. They only had one part # for '88-96 460's, and it was for a remote-mounted TFI module. I ended up buying that one, then converting it to a distributor-mounted TFI.
You can convert the remote-mount setup to a distributor-mount setup by replacing the stator with one for a '90s Mustang 5.0, then plugging up the hole where the old stator wires passed through. The distributor castings are the same, so the TFI module will bolt right up.
Thanks for the info. I may abondon my search for a 460 distributor and get a 351W TFI distributor. I believe that it can be modified by changing the gear.