I agree with 92...
and also:
Throttle sticking or linkage binding."
Usually a bad or a good IAC would result in a low, erratic idle..my 96 had a good IAC, but the throttle body hloes were mostly clogged... have been using a TOP TIER Gas (Shell) but now I am certain the station owners are subbing non-Shell gas in their tanks)
However, I have heard of a bad IAC causing a high idle.
Read this by Mike:
Ford vehicles with an Idle Air Control Motor (called IAC) that have idle problems and sometimes noise concerns can be diagnosed in the following manner. For high idle problems, try unplugging the IAC motor. If the idle drops, its usually due to an input signal to the computer which results in the computer raising the idle speed. If this is the case, look at all of the computer inputs to make sure everything is up to par. If the engine RPM does not drop when the IAC motor is disconnected, then either the IAC motor is not functioning properly, or, there is a vacuum leak in the engine. Stop the
engine, remove the IAC motor and block off the passages. Restart the engine to see if there is any change in engine
RPM. An idle speed higher than base idle specs indicates a vacuum leak. If the engine RPM is at base idle specs, then
the IAC motor is bad. Resistance specs are 7-13 ohms. A good resistance reading does not necessarily mean that the
IAC motor is good. Occasionally, an IAC motor will become weak, and will actually bypass too much air, causing a
high idle condition even though everything else is operating properly. Diagnosing an IAC motor and its ...
read more here
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Do a Self Test for Diagnostic Trouble Codes (DTCs) by our pal BroncoJoe19
Do both KOEO and KOER; latter test needs engine @ normal op temp.
Also, a bad TPS would result in a high idle
Throttle Position Sensor (TPS) Function & Diagnosis TSB 94-26-4 for 93-95 - DTCs 121,122,123, 124, 125, OBD II Codes P0122 and P0123
Source: by Ford via miesk5 (Al M)) at comcast.net
Long article, but any DTC found will narrow it down - and read this too in the TSB: "To minimize the replacement of good components, be advised that the following non-EEC areas may be the issue:
Excessive blow-by
PCV malfunction
Vacuum leaks
Fuel pressure
Throttle sticking or linkage binding."
Suggest buying a Vacuum Gauge..one of the most valuable troubleshooting tools.