What is the second SUV pictured here? I like that one, and I have not liked any Explorer since 2001.
The 4.6 mod engine sucked when it was first built, and it has been embarrassing for about 15 years in terms of power. Any OHC engine should have a benchmark to hit of close to 1hp per liter. If you cannot reach anywhere near that, then the engine sucks IMO. Now the pushrod engines take a lot more to reach that, but they have always been able to do it.
The 4.6 new generation of engines in the last five years have finally begun to make the kind of power that they should have in the early 90's. Ford is extremely well known for under achieving, and the 4.6 is no exception. I would never choose to install a huge engine that has less potential than a much smaller engine.
The new 4.6's have great potential, and all of it is in the heads, intake, PCM control etc. The short block was never a major issue, the lack of high airflow heads always has been until the last few years.
I can see and support installing a current 4.6 engine etc, they have great potential and can justify the difficulty. But no one is really going to do that, the swaps have all been the older 4.6, not worth the effort IMO.
Feel free to go ahead and do it, all I'm asking is that you don't confuse novices with the idea that the old 4.6 is better than the 302, it isn't. You spend similar money on either engine, and the 302 will match the 4.6(similar money). Don't compare apples and oranges, you can't spend $5k on your 4.6 swap and say it's not fair to spend $5k on a 302. I think the costs will be much higher though, I wouldn't install a used engine and most people know how expensive a stock 4.6 build is. You spend $10k on your swap, I want $10k in my engine too.