No No No No No. The 5.4 4V is completely different than the 2v setup for the 4.6 GT.
God I dont know where to start.
1) Look up what is required to make a 4V engine run correctly on a 2V...there are major differences. The harness is different, not to mention pieces & parts...like intake/cai/sensors/ECU-Computer-things
2) As far as the intake is concerned, hate to tell you, but your looking at at least either A-buying adapters for $200-$400 bucks, or an intake for ~$600+. no way arond it. 2v-4v parts are not compatible. The intake is stupid pricey, especially since you dont have one to begin with.
3) Minor relocation required for many parts. see dealer for details....ok not really a dealer but those heads are huge, and on top of the 5.4 being ~1.5 inches taller your going to have some clearance issues. Be ready with the drill and grinder.
4) Exhaust will need to be modded. Mid-pipe will need to be lengthened to work, headers wont work-2v to 4v headers are diffrent IIRC.
5) You'll need to get some better injectors and maybe a pump for the fuel system.
6) 8 bolt flywheel. Romeo has 6 bolts, all 5.4 are windsor blocks, thus use 8 bolt flywheels, or if your auto the felx-plate is different.
7) Dont quote me on it but i think the thing is going to interfere if you have a stock hood. i know the 2v w/adapter plates is tall, but I have the HPS intake and a cobra r hood so doesnt matter to me.
Just a warning...its expensive. I've gone all out on my 5.4 2V build and Im in it about $5000. With another grand or so left just to get the engine running between fuel/driveline mods i needed to support the GOBS of tourque these things make
Is it possible/feasable? Yes. And with minor mods i promise you you'll make 400WHP.
However if you wanted a plug and go deal the 2V 5.4 is the way to go (what im in the middle of building)
For all other question i would HIGHLY recomend going to
www.mustangboards.comhttp://http://http:// and looking in the 4.6 threads an the first sticky, which is the thread that kind of started the whole 5.4swap to gegin with.
Good luck to you man.