Just for fun figured I'd update this thread, 5 years later.
I ended up buying a 2002 Excursion 7.3 diesel, but quite possibly the sketchiest one in California at the time. 304k miles, salvage title and a big dumb lift kit. Paid $9k for it.
I give some credit to my wife because I was ready to walk away from it for it being just too sketchy/extra/modified. She was really into it, so I went for it. Best. Wife. Ever.
It's now 5 years, 50k miles and something like $10-15k in fixes and upgrades later, and we still absolutely love it. It tows like a beast, hauls 8 people if needed, is great for camping and hasn't let me down offroad. After the recent tune and upgrades, it gets high teens cruising on the highway...
almost cracked 20 on one trip. Mileage is decidedly worse around town, as accelerating 8,500lbs of truck at every stop light takes its toll. The 44 gallon tank gives more range than we know what to do with.
That said, I carry the residual stress of driving around a high mileage, 20 year old vehicle. The good news is it's far from an orphan, given the popularity of the 7.3 and 99-04 Super Duty platform. It's never left me stranded, but I have had to do a pile of roadside fixes, having to cancel a couple of day trips when something broke. Definitely a different ownership experience than, say, my brother's 2013 4Runner.
I cleared out the inside of the rear doors and use them for storage, then built a sleeping platform for when we camp. At 5'11" I can sleep on that with the 2nd row in place in relative comfort, dog piled in there with the wife and two kids.
Key fixes:
- Front ball joints + bearings
- Steering box
- Injectors, but used that as an excuse to upgrade
- A bunch of "20 year old car" BS: sensors, switches, turbo hoses, fuel and oil leaks, rear heater line leak, etc
Upgrades:
- Went with a "Stage 1.5" upgraded injectors + tunes + turbo wheel from 1023 performance
- Installed a Ford OEM E-locker that was optional on FX4 trucks, complete with aux switch panel from an F650 for lights/lockers controls.
- Rear swingaway bumper from Buckstop to get the tire out of the interior, added an under-chassis tow/utility truck box and DIY basket
- Front receiver hitch and receiver-mount winch. Wired front-and-rear for winch hookups
- Swapped to Goodyear Duratracs when previous tires wore out.
Future Upgrades/wish list
- Smaller lift with more progressive leaf springs and air bags out back
- 37" Tires (you can clear these with the right 2-3" lift and fender work
- Re-gear from current 3.73 to like 4.10 or 4.30 for the 37s
- Replace/reupholster front seats, as they're starting to fall apart
- Better sleeping platform setup
- Maybe a diesel heater to keep things warm on snow days and camping trips