I'm an engineer, and I work for Ford (though not in an engineering capacity), so I don't exactly fit the criteria, but I can do one better: I worked production in the Dearborn Engine and Fuel Tank Plant where those tanks were built. I spent many a long hard night on that line...
If my memory serves, that tank's reservoir was tack-welded in-place before the two halves were seam-welded together. There was a thin plate on the bottom of the reservoir, and a small tube. My thought is that it served two purposes: First, it helped prevent the pump from running dry when parked on a hill, cornering, etc. The second is that it provided a 'bath' for the return line to dump into, helping to keep the pump assembly cool.
Is it absolutely necessary? Probably not. However, the F-150, Expedition, Fox-platform Mustangs, and the Crown vic, Gran Marquis, Town Car, and Escort of those times all had them. The pre-97 F-150s didn't, the Mark-VIII didn't, and the E-150s didn't... I have no idea why. I wouldn't think they would take the time or expense to put them in there if they didn't serve a purpose though...