Just my luck...
Reply #2 –
A friend of mine one time crammed a 3.4 from a newer (think 2000-ish) Monte into his 89 Cavalier Z24. It ran like a top, and was pretty fast for what it was, until the intake gaskets let go. He had a hell of a time with it, meanwhile my '88 Bird with the 3.8 (the white one that caught fire) kept on running, no matter how hard I abused it.
Something about cramming 10 pounds of shiznit into a five pound sack comes to mind. 5.0s and such have their problems, but by God you can work on and diagnose most problems with a little experience, a code puller, and a meter.
Good luck with it, hope you get it sorted out...we're down to one vehicle again here...but it wont be long before I'll be scooting around with yet another Ford product...5.0 of course.