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I decided to pull my engine to give it a "freshen up." Needs new oil pan and pump, thermo, and exhaust manifolds. I will put new head gaskets and send the heads out to have some work done on them. Anything else you guys would do? Water pump? Timing chain? injectors? any advice would help, thanks guys
Timing chain and reconditioned injectors are a good idea. What year is the motor? If it's an early(pre '94) 5.0 or 5.8 maybe consider upgrading the cam.
cam, port and polish it up(highly rec.), new oil pump for sure while you got it out, and hell if you have the money throw some headers on it while its out.!
My advice? If you're determined to pull it, then pull it. But from what you've said you want to do, I'd leave the block in the truck.
In the first place, disconnecting it from the trans is (can be) a be-yotch - and unnecessary. There there's the whole removal (and reinstall) of the hood, getting a hoist (stand too), chains, not bouncing anything off of the radiator (if it's still in there)... You can easily get to the pan and oil pump with the block in the frame. Heads - same, of course.
And yeah, if you're going as far as pulling it out don't just freshen it up, go the ninth yard and rebuild the innards as well.
it depends on how you want to do injectors. I'm no expert but you can do them with a rebuild kit from RJM. You should need a EV1 kit from RJM (RJM Injection Tech Fuel Injection Parts compatible with 89-93 Mustang 5.0L Mass Air EFI engines), an air compressor, plenum gasket, and good bottle of injector cleaner ($40-$50 total). Or you can get totally rebuilt from ebay for under or around $100. Check your bores before you go rebuilding. If you pull the engine and rebuild it the right way; it will be easy to spend $1000 especially with an upgraded cam (my machining and shop cleaning alone was almost $400). I think you have SD... OR do you have MAF? Either way I am rebuilding my 88 351w now and have been surprised at what my truck project has cost (more than I would like but still cheaper than buying another used truck). Check your compression before you pull your heads! A seals kit to freshen up an engine is economical but if it's time for a rebuild it's time for a rebuild... Let us know if you have questions!
Its not hard, I can have the engine out of one of these truck in under two hours. Get a helper to take off the hood, be careful not to let the pass side hinge fall and hit the starter solenoid if you haven't unhooked the battery. Unclip the 4 plugs where the engine plugs in to the chassis, and the two on the alternator. Then pull both power steering pump lines. Next mark and pull the 4 or 5 vacuum lines that go the the booster heater and charcoal canisters etc. Then pull the radiator, shoud then fan, in that order, might as well get the heater hoses while you are at it. Then remove the throttle cable, be careful its brittle, take a close look at how it attaches. Pull the upper intake manifold off, you will need a 1/4 drive torx bit, i think its a T30. Then unhook the line that goes from the diverter valve to the cat converter. Then bust off the studs on the exhaust manifolds that go to the Y pipe, and unbolt the motor mounts and starter. Pull the 6 bell housing bolts, get at the top 2 from inside the engine compartment. Support the trans at this time, dont forget the two bolts on the dust cover! Double check to make sure nothing is still attached to the engine, and hook up your cherry picker and lift it out, rocking side to side while pulling it out of the tranny is your best bet.
I pulled my tranny first and then didn't need to do any of the rocking back and forth or removing any of the radiator or fan shroud stuff. took the fan and 1 pully off the engine and lifted it out... with the hood on too...