Join Date: Jul 2010
Location: Virginia Beach, VA
iTrader: 0 reviews
Seems to me you have two options, the first being the cheap one. Since you already have the parts for a head swap, squirt some wd40, or some kind of lubricant in the cylinders, spin the crank, see how much the rings can scrape off, clean it as good as you can, put it together and cross your fingers.
The next cheapest option will be a used engine swap. A good way to do it is to go on eBay, search within 50/100 miles or whatever you feel like driving, and look for any 4.6. These junk yard are idiots when it comes to listing engines. Last I looked, you can get an 05/06 grand marquis, or crown vic engine with 70k miles for $600 when 96 mustang engines were twice that with twice the mileage. There's a few cars that had pi engines other than mustangs, just get one of the ones from a fwd car.
The reason I say to look reasonably close, you can make them an offer for less, and if they don't have to deal with packaging and shipping it, they're more likely to accept.