Welcome sir. Nice pickup!
You said that there will be stupid questions to follow. I think that on this site the only stupid questions are the ones you don't ask. There is a wealth of information here just for the asking.
Steve
86 Bronco, XLT, 5.0 EFI, EEC IV, AOD, IFS, limited slip front and rear, 3.08 gears, Tilt steering, factory AC