I don't know if this is part of SD's wisdom or not; but it's something that I've learned from painful personal experience:
If you live in predominantly
WARM climates; you might be well advised to pull the timing cover of ANY original motor you don't know intimately! Ford, in their infinite wisdom; actually manufactured their cam gears
undersize, then molded nylon over them. This was done to reduce noise from the nose of the motor. As the motor ages - especially if it lives in warmer climates - that nylon grows extremely brittle and begins to flake off! Add in the
slightest amount of slop in the chain; and you have a situation ripe for mis-time if/when the chain "jumps a tooth or two".
Two things: 1.) You'll be forever trying (and failing) to set the carb and the distributor advance DOWN! 2.) Let enough of the nylon flakes get into the oil pump pickup screen and you'll be wondering what happened to your oil pressure!
This happened to every Ford my Dad owned (starting with his much-driven '66 LTD in '68); and in both my '73 Gran Torino and '72 F100. It was probably going on in the wife's hi-mile Tempo; but I never had the reason/guts to pull the motor to pull the timing cover!
When I finally get my 'Stang; unless I can be assured the motor has been
properly rebuilt; that water pump and timing cover are coming off and the chain and gears are being replaced with all steel parts SOONEST! I can live with a little timing chain noise. I just don't want to have to chance the "jumped-time" scenario and it's inherent dangers (too the motor); and I don't want to have to order an oil pickup because the mess is impossible to remove from the screen (Torino)
Still Dreamin'