Very good budget upgrade. You will need to purchase GT40P specific headers since the spark plug location is different.
Similar runner volumes to the standard GT-40 head (around 145-155cc on the intake side, I think, compared to E7TE's 124cc).
Also flows similar intake and exhaust cfm numbers to the standard GT-40 head. All accessory bolt locations and valve train geometry are the same as the standard GT-40.
1.85/1.46 valves (compared to 1.85/1.54 for the standard GT-40). The exhaust port was redesigned and is more efficient, thus the ability to use the smaller exhaust valve.
Spark plug is moved down and rotated out placing the electrode closer to the center of the combustion chamber. This provides a better and more complete burn. Not only does this help performance but it also reduced emissions. Note: The GT-40P's don't use standard 5.0L plugs. You must use plugs for a 98+ Explorer/Mountaineer V8 or for a Cobra/Lightning equipped with iron GT-40 heads.