The differences that matter are the 94-up chassis was a huge improvement over the Fox, it is 70% stiffer, suspension geometry is better, driveability was improved with things like a longer travel on the gas pedal, to help with extremely slow driving, say in a parking situation, etc. And interior improvements are obvious.
The motor is not the problem, it's the electronics, the computer for instance, retards timing 6 degrees between overruns on a power shift, ford was really having a problem warrantying T-5's, so they tried that amoung other things to improve durability, they are heavier too.
I've never had anything past a 93, but if i was to be in your situation, i would buy a 95 and get the electronics up to snuff and go from there. Why not take advantage of the huge chassis improvements and build smartly to make up for the shortcomings.
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