As you notated, the engine ran fine for 15-20 mins then starts to lose power...That is about the amount fo time it would take to overheat the engine on extremely low coolant and the amount of coolant in the engine block to stop transferring heat from the engine and begin that cycle of losing power, knocking and dying...
I would always check fluid levels, air pressure, and suspension AT THE BARE MINIMUM before starting to drive a new used or new vehicle...But I am a bit of a perfectionist ...In this case it is difficult to point the finger at the PO since you can't verify that the coolant was topped off in the radiator;instead all you looked at was the coolant recovery tank...And the oil in the engine has been heat cycled enough to require replacement as well...Oil actually removed a significant amount of heat from the engine but if the coolant is non-exisent the oil will absorb more heat than normal and degrade a lot faster...And I forgot the tranny fluid will have been overheated as well in this case...
BTW the cooling fan on the 2nd Gen Explorer is driven by the engine so unless the fan clutch is dead or the fan is missing the fan will be attemting to cool the fluid flowing through the radiator...
But there MIGHT be a bright side to this situation;Yes you have a major coolant leak somewhere that is fixable... Hope it is not a crack in the engine block...If it is something less major, fix it and move on...With the engine still runnng and running strong you might not have cracked a head or blown a head gasket...But you definitely used up some of the remaining life of this engine by overheating it...
And the 5.0 liter is less vunerable to cracking heads than the 4.0 liter OHV is...Though I am not saying that you didn't or can't crack a head on these... They just stand more abuse and punishment than the 4 liter will without damage...
Good luck on fixing the leak...Let us know where the coolant is running from...And the outcome of the engine after the leak is fixed...
Thanks that was great info. Well, the 5.0 must be quite resistant as you point out, because this darn thing still starts up and feels like nothing has happened.
I'll attempt to determine where water is coming from today.