Yes. Drove it off the lot in 1989 and was a highway daily driver so easy miles. Everything is original, so committed to keep it that way. Although today... My patience is being tested.... Replaced the voltage regulator. All good, ran it up to temp to set idle per the excellent advice on this forum... And after getting everything set and running perfect at 750 to 850 rpm I noticed a horrible smell and a lot of smoke coming out of the alternator. I have smelled the distinct electrical smell before and so it would seem the rectifier diodes (original and not-replaced) decided to commit suicide... So now it will be the decision... do I go one step further and replace diode pack after replacing vreg and brushes or get a whole new woefully inadequate but original G2 alternator... I like a good challenge so looks like new diodes are next...
Hope the diodes are the last part you'll need; any more and you'll have a new alternator, but the expensive way. I looked on the tube and found a guy that works on alternators. He demonstrates the processes for replacing the parts, but when I calculated the cost it didn't seem to value out. However I've been down that road where you're too deep into it to justify turning back.
On the water-pump above: I read-up on this a years ago, but my mind didn't retain it: Why do you think Ford didn't just go with a high flow water-pump as oem on our cars? What did you glean from your research?