To answer the question...
The F150/Navigator use an iron block SOHC 3 valve 5.4L that produces 300-320 HP. (basically what a stock Mustang GT 4.6 produces)
The GT500 is also an iron block 5.4, but it is hand built and is a 4 valve DOHC. The heads are high flow heads similar to those on the Ford GT, and the cams are similar to the 03-04 Cobra. I am not sure what the N/A numbers would be, but I would assume that they would be much better then the 3V F150 engine.
I have always been a "there is no replacement for displacement" type of guy, and I have always loved the 5.4 platform, but the research that I have done says that its not really worth the swap...unless I can get a complete drivetrain from a wrecked GT500 that is......LOL