Wow, I didn't notice how old this thread was... here are my thoughts, though a bit late...
It sounds like 2 different issues were being discussed here... Maybe separating them might help decide which one is the real culprit (unless it's both).
First, vintage Fords came with incandesant lights. Often these are swapped for halogens over the years, or when someone was looking for brighter lights. Well, halogens require more voltage to run. This often causes the fuseable circuit in the headlight switch to break, causing a flickering. As the fuseable link heats up, it breaks, the lights go out. It cools enough and reconnects, the lights go back on. The only real solution to this problem is to wire in relays for the headlights. So, how do you know if this is the issue? If the lights are ok initially, but over time begin to flicker, getting progressively worse and off for longer periods of time, then this is probaby your problem.
The second issue is related to a bad voltage regulator, bad alternator, or poor ground. I lump all of these together because the symptoms are probably pretty similar. Brightening and dimming from the moment (or shortly after) you turn on the lights. This won't typically be outright flickering, but more a dimming and brightening.