As an engine builder I say to you
It's not an internet myth ... the 5.4" consumes more oil.
There are a number of advantages to the 5.3" .. not only designed for p/a cars
Assembling an engine incorrectly is poor workmanship regardless of rod length.
If you are saying using a 5.4 with an offset pin bore piston then I would definitely agree with you ... but centered, the engine will consume more as I've heard of it first hand ...
A friend with a long rod 347 in his '87 coupe consumes more than normal with only 20K adult miles on the build ... and also an ex-coworker has one in his 2wd F150 and same deal with similar mileage. They were both broke in properly and not run hard.
CHP and others know that the 347 will consume oil when housed with the 5.4's. Are you saying they are f.o.s.?
Dude
Again