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Biggest downfall to the E4OD is the converter. Get a nice stock stall billet converter and a good transmission cooler to keep the heat down. And if you haven't already learned you have spent more of your life patching a transmission than what it would have cost to have it fully rebuilt the first time you pulled it out. Also, you shouldn't need to drill any extra holes in the flex plate. Get the right one. I daily drive an 1988 Ford that has been completely rebuilt from about 12 different trucks.
And I mean completely rebuilt!
And I mean completely rebuilt!