The reason that most folks (in the know) use a 7 qt. pan is NOT so they can use 7 qts. in the motor. It's to move the oil COMPLETELY away from the crankshaft to reduce windage losses at high rpm. That's why many people put 5 qts. in a 7 qt. pan. Other than perhaps extending your oil change interval, unless you're road racing the car, there's probably little benefit to actually running the additional oil in the car. And even for the road racing application - if the pan is baffled properly for that application, the additional oil isn't necessary.
Nevertheless, once you've decided how much you want to run, fill it with that amount of oil. Run it til it's good and hot. Let it drain back completely (cool down). Then pull the dipstick and use a small file to mark your dipstick so you know where to fill it to the next time. Contrary to the other post, the accuracy of Ford's dipsticks/tube placement is all over the board. You can find as much as a quart variation on where 5 qts. hits the stick -- all with factory stock dipsticks/tubes. So much for Quality being Job 1.
And by the way - you only add more oil for an oil cooler IF the oil in the cooler drains back into the pan completely when the engine is shut down. VERY few of them do. Mine is mounted low in the front (so the heat off the oil doesn't go right back into the radiator coolant); You can't get the oil out of it unless you disconnect the oil lines running to it - which I don't do. So on mine (and many others) the presence of an oil cooler doesn't alter how much oil gets added during the change at all. It simply increases the amount of oil I can't get out of the system during a change.