Man, that sounds like what my old 86 F-150 (302) was doing. Unfortunately, I didnt know jack about cars at the time, so I dont know what the problem was. I just know that Ford didnt either, and we had to put a new motor in it. I am sure there is a fix for your problem though. Good luck with it.
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'90 GT Under construction
Best E.T. = Fast @ High Speeds - OK So I Lie. So What!!!  
04 F-150 STX 4.2L 5 spd
Rice Haters Club Member #128
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