Rollins, as you know from my recent posts of the AOD swap, my set up is apart. My engine is in, I'm just in the process of putting the headers back in and I'll put the front dress in next. Should have it done tomorrow morning for some pictures (if you can wait that long)
84 vert - If you use all 5.0 components you'll be fine as far as water pulley and alternator being in line. Let me explain my set up alittle more to clear up: My 351W came from a Crown Vic that had PS, A/C, EGR pump, altenator, water pump and damper. It had two serpentine belts! I took the damper, water pump pulley and PS pump. The alternator was originally hooked up to the EGR and A/C, so they wouldnt line up. So I had to find an altenator and braket and the 5.0 was available, which included the tensionor, BUT to line it up, I needed to shim (make shift set-up) about 3/4" at the alt. bracket for it to work and line up with all others.
Hope its not too muc to confuse you more. I'll post pics. My only problem was the tension gets in the way of the upper rad. hose. The picture will show how a flex hose goes up and over tensioner to work.