Pinging Noise in V10
What year and how many miles on yours?
Do you run 87 or 89 with ethanol?

First thing to verify would be that all your exhaust manifold bolts are there and in good condition. Exhausts leaks on the V10 can sound like pinging.
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Under ideal conditions the common piston internal combustion engine burns its fuel/air mix in the cylinder in an orderly and controlled fashion. The combustion is started by the spark plug some 5 to 40 crankshaft degrees prior to top dead center (TDC), depending on engine speed and load. This ignition advance allows time for the combustion process to develop peak pressure at the ideal time for maximum recovery of work from the expanding gases.
The spark across the spark plug's electrodes forms a small kernel of flame approximately the size of the spark plug gap. As it grows in size its heat output increases allowing it to grow at an accelerating rate, expanding rapidly through the combustion chamber. This growth is due to the travel of the flame front through the combustible fuel air mix itself and due to turbulence rapidly stretching the burning zone into a complex of fingers of burning fuel air that have a much greater surface area than a simple spherical ball of flame would have. In normal combustion, this flame front moves throughout the fuel air mix at a rate characteristic for the fuel-air mixture. Pressure rises smoothly to a peak, as nearly all the available fuel is consumed, then pressure falls as the piston descends. Maximum cylinder pressure is achieved a few crankshaft degrees after the piston passes TDC, so that the increasing pressure can give the piston a hard push when its speed and mechanical advantage on the crank shaft gives the best recovery of force from the expanding gases.
Detonation — abnormal combustion
When unburned fuel/air mixture beyond the boundary of the flame front is heated and pressurized by the advancing flame front for a certain length of time, detonation occurs. It is caused by an instantaneous, explosive ignition of pockets of fuel/air mixture. The cylinder pressure rises sharply beyond its design limits, and if it is allowed to persist, detonation will damage or destroy engine parts. The deleterious mechanisms range from particle wear caused by moderate knocking, to holes punched through the piston or head caused by serious knocking.
Detonation can be prevented by the use of a fuel with higher octane rating, richening the fuel/air ratio, reducing peak cylinder pressure by increasing the engine revolutions (e.g., shifting to a lower gear), decreasing the manifold pressure by reducing the throttle opening, or reducing the load on the engine. Because pressure and temperature are strongly linked, knock can also be attenuated by controlling peak combustion chamber temperatures at the engineering level by compression ratio reduction, exhaust gas recirculation, appropriate calibration of the engine's ignition timing schedule, and careful design of the engine's combustion chambers and cooling system. As an aftermarket solution, a water injection system can be employed to reduce combustion chamber peak temperatures and thus suppress detonation.
An unconventional engine that makes use of detonation to improve efficiency and decrease pollutants is the Bourke engine.

I experience the same pinging when I'm traveling up a steep incline... when my X downshifts or if I ease off the accelerator the PINGING stops... This pinging is not bad and I've come to expect it since I live on top of one of the highest elevated spots with a very quick rise in elevation. Basicly most all vehicles I've owned have pinged going up my "hill".
I wouldn't worry too much, unless your ping becomes a serious KNOCK
I experienced the exhaust manifold broken stud issue on my 99 F250... that sound is more of a ticking... not really a pinging.

The ticking of the exhaust maniford makes one think they have a sticky valve. (at least that's what I thought before I diagnosed the broken studs.)
If I was experiencing this problem all the time, I would have the vehicle hooked up to a diagnostic computer for a complete check-up.
I know that I plan to change out my oxygen sensors with new Bosch units, clean my MAF sensor along with the usual oil change & yearly fuel filter swap... it you clean your MAF sensor or replace your Oxygen sensors make sure you reset the PMC and do a complete drive cycle. (click below)
Ford Motor Company Driving Cycle




