I'd put a timing light on it and see where you're at there first.
Second, you may want to try to clean the 10-pin connectors located just behind the upper intake (a black one and a white one) and then putting some dielectrical grease on the contacts. I've seen several posts about this fixing surging and high idles. It's worth a try and doesn't cost much.
E
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1991 5.0 LX Coupe - 40,750 miles
331 cu. in. / Tremec 3550 / BFG Drag Radials
12.22 @ 114.31 mph - w/1.89 60'
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