Nice truck. I wonder if the "newer engine" got a straight-up timing set, which makes a big difference on the 351M's and 400's.
$8K may seem a bit much, but that's the starting point and it is a lot of truck for the money. Really clean and seemingly no rust. That alone will save you several thousand dollars on bodywork and paint on another truck.
Gary, AKA "Gary fellow":
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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