The explorer pump is the same as the 5.0 pump. The pickup is the only difference...and they are re-usable. I suppose though it's cheap insurance to just replace it anyways. Same goes with the waterpump.
I'm not sure what reason you would have to replace the oil pan or timing chain cover.
The exporer timing chain is a single roller unit. I assume it's not nearly as strong as the double rollers found on the mustangs. If you swap cam's I'd go ahead and replace it with a better unit. You can pick up a cloyes true roller for a bit over $40 on summit.
If your using a 98, the sparkpugs are goin to be a Bitch! You'll have problems tightening a couple of plugs I believe on the drivers side. A plug socket wont fit with the stock 5.0 headers, so many chop up their plug sockets to fit. Also keep in mind you'll have issues with the stock plug wire boots touching the headers. You can get away temporarily by swapping the 90* boot end which goes to the distributer...but ultimatly they will still end up melting.
That's about all I can think of off the top of my head. Good luck.