I'm thinking you should be in the low 12s.
As far as the meter, I'm not real sure about the 4.6 cars but isn't that something a chip should fix? You bought a JMS chip, right? I have one in a box in the garage, I never could get the damn thing to work right. I'd see if I could borrow a meter from someone before I bought one but then again.. shouldn't the chip be burnt for the meter too? I will never get another mail order chip, the next one will be burnt on a dyno... more money but worth it($600 last I checked.. yrs ago). There is a guy in Charlotte that I've heard does a pretty good job. Ray something..
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