In the front, I stick with Ford's recommended 35 psi (maybe a pound or two more in the fall, since cooler weather is coming). I find it rides better that way, especially over rough roads/bumps -- even though I installed new upper-quality Monroe struts. Too high pressure causes the front tires to bounce.
Back is less sensitive, and more load-relative, in my experience. But for a 2wd with all-season or highway tires (as opposed to all-terrain), be careful about over-inflating, since its not impossible to get stuck if you park in the wrong patch of ground/sand/roots/hill/terrain. Of course, you could always climb out and reduce tire pressure in the rear in that case . . . .
Oh, and after the Firestone/rollover controversy for 2nd gens, I don't think there's much risk of Ford having under-stated the recommended tire pressure on the the 3rd/4th gens.