Now I am rattlin' off the top of my head without research and this is the way I have understood it: the M is built on the 400 cubic inch block with a smaller bore and can use 400 heads that have eight valve cover bolts. The W and C is built on the 302 (5.0 L) block with a larger bore and can use 302 heads with six valve cover bolts. The Winsor is a Canadian cast block and the Cleveland is well cast in...Cleveland Ohio. The M stands for modified and can be cast in W or C. The M therefore is a big block and will not mount on the same trany bell housing your Bronco most likely has, because Broncos did not offer the M option because all Broncos are half ton axled rigs from Ford.
I am sure my memory on this is cloudy, but someone else will add to this so you and me will learn something.
Now let me tell you of my fantasy...When and if Ford revives the Bronco I think they should offer and build it on the truck frame as the did in the fourth and fifth generation. Thusly should offer heavy duty Broncos, B-250 and B-350's with diesel, axle and tranny options as well as a rough work truck models. Here are some drawings I did of the B-150 a few years ago.