yo W,
That loose cap needs to be addressed.
also, by Ford;
from
1993 Bronco/Econoline/F-Series Workshop Manual - = to your 89
Section 03-07: Engine Ignition General Service
REMOVAL AND INSTALLATION
Distributor Cap
Removal
miesk5 Note, note spark plug wire placement & routing before removing each wire. Snap pics.
- Loosen distributor cap hold-down screws. Lift cap straight off distributor to prevent damage to rotor blade and spring.
- Wash both inside and outside surfaces of the distributor cap with soap and water. Dry cap with compressed air.
- Inspect cap for cracks, broken carbon button or carbon tracks. Inspect cap terminals for dirt and corrosion.
- Replace the cap if it is damaged.
Installation
- Position distributor cap on distributor base noting the square alignment locator. Tighten hold-down screws to 2.0-2.6 Nm (18-23 in-lb).
- Reinstall any ignition wires that were removed, noting their correct locations on the distributor cap.
Distributor Rotor
Removal and Installation With distributor cap removed, pull rotor upward to remove it from distributor shaft and armature. Wash rotor with soap and water. Dry with compressed air.Inspect and replace rotor if cracks, carbon tracks, burns or damage to blade or spring are observed.
Align locating boss on rotor with hole on armature.
Fully seat rotor on distributor shaft.
Reinstall distributor cap.
Spark Plug Wire Routing & Firing Order TSB 94-04-10 for 87-93 5.0 - engine miss, spark knock, buck/***** surge and other driveability concerns; MIESK5 NOTE; The firing order for 1987-1993 5.0Ls is 1-5-4-2-6-3-7-8. If #7 and #8, or #2 and #4 spark plug wires are routed next to each other at the separation bracket, an induction crossfire condition can occur.
http://ww2.justanswer.com/uploads/adchambers3398/2008-09-03_215346_78wire.pdf