Bill - Welcome!
On the truck, I'm not quite sure what you meant to say, but I think you meant that you got the truck from a friend as payment for doing a ball joint job on his 1988 truck. Right? If so, that seems like a good deal.
But, the '86 has no spark. I have a EEC-IV Diagnostics page (Electrical/
EEC-IV Diagnostics) that has a troubleshooting process in it for just such a condition. I would follow those steps slavishly and I'll bet you find the problem.
Gary, AKA "Gary fellow":
Profile
Dad's: '81 F150 Ranger XLT 4x4: Down for restomod: Full-roller "stroked 351M" w/Trick Flow heads & intake, EEC-V SEFI/E4OD/3.50 gears w/Kevlar clutches
Blue: 2015 F150 Platinum 4x4 SuperCrew wearing Blue Jeans & sporting a 3.5L EB & Max Tow
Big Blue: 1985 F250HD 4x4: 460/ZF5/3.55's, D60 w/Ox locker & 10.25 Sterling/Trutrac, Blue Top & Borgeson, & EEC-V MAF/SEFI