As someone who did a termi swap, maybe I can provide some thoughts to consider.
Ask yourself these questions:
1). What’s your final power goal for the car?
Simple bolt ons will take a termi close to 500rwhp. Bolt on coyotes top out around 450 rwhp. The termi will have have instant torque while the coyote will be more of a high rpm power producer. If your looking for higher power levels, do the coyote swap and add a blower later as it will probably win the hp/dollar contest.
2). How much are you concerned with handling characteristics?
The termi adds ALOT of weight over the nose of the car. Handling will suffer. From what I’ve read, the coyote is pretty much the same weight as the 302. Something to note, sway bar modifications are required with the termi swap. The alt interferes with the drivers side mount bracket which must be cut off.
3). What accessories/features do you want to keep? (A\C, power steering, cruise etc)
This will be the case for both swaps but maybe a little easier with the termi due to the similarities with the two chassis. It is possible to have all accessories function on a termi swap. I’ve kept the fox dash, used the cobra cluster and have all accessories working, including the cruise.
The coyote will take more effort and money. From the factory, the coyote does not use a power steering pump and the a/c is mounted in a location that will not work in the fox. This means buying some kits to mount a pump and relocate the a/c.
More info here
https://www.americanmuscle.com/coyote-fox-swap-guide.html
All in all it comes down to your budget, power goals, and how ‘finished’ you want your car. You won’t be disappointed with the performance and feel of either engine. They both feel much more refined than the push rod 302.