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Oh yeah try moveing the key bezel towards acc and to start with the key removed too and as before if the chime stops...well you know.

Try fiddling with the ignition cylinder moveing the key around slowly if the chime stops at anytime replace it or you can let it drive you insane(Have you had to leave the doors open for an extended period of time to say....clean your car :mad:.)

Is it that you get a loss of for or a surge? If it slows down I would think that you are getting a loss, correct?

There are many options to start with. Another question would be what type of mods would you be looking to add later on down the road? Ex. Underdrive pulleys are great but if plan on a supercharger in the future they are not because they reduce the performance of the supercharger. Put some...

I can tell you almost indefinitly it is the valve seals leaking. I have seen this on many cars with the 4.6L. On mine personally as well. Once I replaced the valve seals no more burning oil. If your strapped for cash or don't feel you can handle tackling it on your own no need to worry because...

Did it start shifting into 2nd a little firmer or harder than normal before 2nd went out?

Its most likely that valve cylinder a fairly common problem<<Did it start shifting into 2nd a little hard or firmer?.The five speed as far as I know can be an extremely difficult swap especially into a v-8. As far as the 95 goes I'm not 100% but pretty sure the tranny problems can be resolved...

Go polyurethane the give this a shot>>>> Bushings & sway bar

How much you look'in to spend? Thats what to address first.

Has anyone else hollowed out the cats? I'd probably get high flow cats instead.I've heard of hollowing raising problems with the O2 sensors.

I hate to break the news to you but better you know now before spending more $ and time then you need to. The 94's are freaks as OBD2 was supposed to be introduced in 95' in fords the 94' got it early. In essence this means no quirks worked out and no real test bed. These trannies are notorious...