Which Way Do I Go!!!!!
I have a 460 in my 54 F250, so economy is out the window.
Overhauling the 360 is probably cost as much as finding a decent donor vehicle with a good engine.
I think the double overhead mod motor would look cool in a truck that was mostly a cruiser, and can be made to have gobs of power too.
When we go on a tour with our club....the other guys stop every 2 hours to top tanks off.. I usually skip and get gas on the next stop or elsewhere on our travels. The guys always joke about my 289 being equal to the starter in their trucks (or some other dumb joke) but I'm the one laughing at every fuel stop.
Michigan Rick
BTW, it sounds like you have a talent for horse trading, I bet if you don't have exactly what you want now you'll find it some time soon.
Well there are a few things to consider. I have a 51 with a 390 C/6 combination.
Food for thought. You can have the 360 rebuilt. But if you are going to do that, you can have it rebuilt as a 390 with no or little additional expense. I like my FE and it is very powerful. But the big block presented me with a few problems. First (and this will not be as big a concern on a 54) there's very little space around an FE to run peripherals - exhaust, shift rods, steering boxes, and especially an IFS front end in our trucks. If you are planning on putting in an IFS with that FE you will need to have motor mounts made that are integral with the cross member. Others usually go all the way across and under the engine that may interfere with the IFS cross member or rack. You will also have to ensure with those two things that you still have room to exhaust the drivers side between the engine and the frame. If you go outside the frame, the exhaust will interfere with the IFS shock tower.
Also with the FE you should have a stronger transmission. Something like a C6 or HD four speed. This will leave VERY little room between the bell housing and cab floor transmission cover (like an inch or less).
Lastly, parts for the FE are much more difficult to find than the little Pony Motors. Stupid things like water pump heater hose nipples are a pain to find. Thus the 302 installation could be significantly less expensive and more timely.
In the positive for the FE it's a great motor to work on. When I drive it, and I floor the pedal, I usually end up sitting back in the bed somewhere before I can get my foot off the gas (one thousand one -one thousand two - tee hee) and I like that. It's the first vehicle I have owner that has done that since my 67 GTO with the 400.
Motor mounting for your 302 will be quite different and usually doesn't run under the engine. With an IFS you may have to get a rear sump oil pan...check on availability for both engines if you plan to install one.
There tends to be more information and experience with 302 installations and thus more lessons learned for you to draw on.
I have had three Bonus Built or F-100 trucks: A '55 with a '64.5 Mustang 289/3spd overdrive; a '56 with a 351 Cleveland and C6; and now the '51 with a 390PI and C6.
Quite a bit of variation. The 390 is a powerful get up and go set up, good to work on, pretty, strong and reliable.
The 289 with the overdrive was EXTREMELY diverse and a PLEASURE to drive if you didn't want to act like the villiage idiot. It would tow, or cruise, got great mileage, was easy to work on and was great for long distance drives (500 miles or more) Not over powered and not underpowered, it was "nice " for just about anything I wanted to do with it-except racing.
The 351 Cleveland C6 combo was the most blah and non descript nothing I have ever driven - not powerful, not economical, not nothin but blah!
If I had it to do all over again, and was starting from scratch. I would put a 351 Windsor (possibly built up to a stoaker) with either a C6 Automatic or a HD three speed with overdrive on a 9" rear end geared to 2.75 with the C6, or 3.0 with the overdrive (on 15 inch wheels).
Bottom line: if you have one of each, go with the FE - you only live once. If you haven't got a 302, definately go with the FE. But have it rebuilt (to 390 or 400 specs) and don't let anyone tell you you can turn it into a 427. Both were FE's, but the 427 block was cast with reinforcements and certain strength features that the others did not have.
DO IT....GO FE....Here's some incentive:

I'm sure you will get lots of opinions!
Good Luck!
Julie
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oh yeah i ran { oooppppsss illegal !!! } straight pipe duals on all of the fe's . they sounded so sweet !!!!!!!!!!!
Wadaya think of my pipes? Bottom picture is right after dad put them on for me - brand new. (and he'd be a little put out with me to see them so dirty like they are in the two top pictures).



3 !/2 inches of deep rumble!!!!!!! I must be going through that mid life thing with this truck and this engine!!!!!!!
J!
Trick out a 223 I6 w/ all the Performance parts that are available, w/ a adaptor you can attach a C4 to the Olde Girl & have lots of fun.
You can get 300+ FPT w/ 250+ HP w/ basic upgrades for the I6.



i like 'em . and i hate to say it but i do like to ruffle the masses feathers every once in awhile !!!!
dave you'll like the fe's , good , dependable and can be quite the stormer if need . the 429 and 460 would be my next favorite . plus you can say you were going old school as the fe in anything screams nostalgia to me . no one really wants to play with 'em anymore .
p.s. if you are close to me dave i'll let the ones i got go pretty cheap . they both ran , the 70 needs a rebuild for sure , and the c-6 on the 74 is bad . we left a lot of black marks in the streets around here with the trucks they were in . got a 65 4bbl intake from a tbird goes with 'em . i'm kinda in love with the flatties for sure and im gonna go the easy way out for a temp motor and latch onto a yblock to motorvate with till i get the flatty ready to go , if i ever get it pulled !!! still driving all over h-ll and creation and digging it to much !!!!!!!!!!!!!!
You guys are a bad influence - tee hee!
J!













