I have a second EFI 302, looks like a '96, that was sitting on the ground where I bought a man's gooseneck stock trailer. He said I could have it and the automatic transmission (4R70W) attached to it if I could load it. I pulled the trailer home and immediately returned with my Ford tractor sporting a front loader.
The engine will turn only 180 degrees, bad sign number one. Got it on the engine stand today, and the first thing out of the oil pan was about a pint of coolant, bad omen number two. Got the upper intake manifold plenums off and the #3 cylinder port is coated in black grease, bad sign number three. The heads and oil pan come off tomorrow so I can finally identify the problem. I somewhat suspect a bent rod banged on the bottom of the cylinder bore until the block cracked. If the block is toast, I'll still have a buttload of spare parts.
Getting the transmission torque converter off was a real pain. I had to rotate the plate that sits between the engine and transmission until I could get a nut extractor and impact wrench on the nuts holding the converter to the flex plate. I have a buddy who's been building transmissions for more than 30 years, and he's going to check out the transmission for proper function. We are optimistic that it's still good since the engine quit running. I can't use it on my Bronco, but it'll make good trade material or generate some more financing for the Bronco project.
When the Bronco's engine and transmission come out, the engine's going to a shop 30 miles away for overhaul, while the E4OD goes to my friend for overhaul and conversion to 4WD use. I'm hoping to have everything rejoined, including transfer case and driveshafts, and in the truck before Thanksgiving.