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Old Bastard !
Joined: Fri Dec 22nd, 2017
Location: California USA
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Taking the engine out may save time and effort but I would pressure wash (low pressure) the engine bay before hand and trace the actual leak or leaks FIRST; then you can determine if the motor really has to come out.
Also, if/when you take the motor out or not, do the rear main seal, it has to be leak ing by now.
You are taking a major step here, all dependent on two things, one how many more miles this engine will survive, also, removing it and getting all of the sets and worn parts out of it. A good move IF you believe the engine will live but questionable if these engines won't last.
I don't know which engine will live longer than others BUT... thinking outlaid, have you priced a long block replacement for your motor.
I haven't followed the prices lately but it would be interesting to see just how much a long block would run you. You would use a lot of your bolt-on pieces and you wouldn't have to replace any seals because most of the long blocks come with new OEM approved gasket set.
Might be worth the look and compare old to new.
At least I'm not trying to talk you into a 5.0L-W ! LoL !
Keep Posting !
If I am coming on too strong here, please just say so !
____________________
Ltr,
2003 EDGE, Std Cab, Steppie, E4 Red, 5sp, 4x
5" SuperLift, 33" x 12.50 x 15"
Hurst Shifter
Mod'd Backrack to fit Steppie
Front and Rear Bumpers by Custom 4x4 Fabrication, OK; now Mike's Welding and Fabrication.
Working on more Mods, just need more time, longer days would work !