Well, in that case, the only way to tell if more cutting will be needed is to buy an engine. the 5.4L engines now use electric power assisted steering, so you will either need to add electric power steering, or modify the front accessory drive for hydraulic power steering. The front of the engine is full of accessories already and you will need to make sure that the alternator or AC compressor don't hit the frame rails.
You will also need to call a transmission expert because your T56 magnum might not bolt up to the Ford engine without a few custom made parts. I know that the Ford TR6060 and T56 Magnum XL transmissions don't just bolt to GM engines because of slightly different input shafts, etc. Don't worry it can all be made to work. You will also need a new bell housing.
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