psychotic,
I have a 99 4x4 XLT and have almost completed my 302/AWD conversion. I considered the 347 but decided to go w/ the basic 302 for now and maybe build a 347 over summer.
I got the motor/ tranny/ t-case/ harness and computer from a 2000 XLT. You will also need a few other parts such as radiator, rear driveshaft, motor mounts, throttle cable, cruise control cable, power steerint line, exhaust (if you don't go custom), fuel lines, tranny cooler lines........and probably some stuff i'm forgetting.
You will also have to get a new set of keys made from ford, they cannot make the new computer accept you old keys........the theft system will disable the engine.
As far as time.......mine took alot longer then it should have (about 5 months) only because my SOHC motor blew (rods went through block) and it took me a while to find the parts. I also got the work done at a friends shop so they treated like a project car. You will have to take it to a dealer after to get the keys done. Mine is there now getting a few problems worked out.
The cost of the swap can build up VERY quickly. I would recommed finding a whole donor vehicle as it's a lot easier......some of the hoses/lines cost over $100. i have spent WELL over $5000 but it does give you chance to install some "little goodies" in the motor, as i did (more info when it's complete).
Overall it's not that difficult if you/ or the tech know what they are doing......just don't expect much help from ANY ford dealerships, when i told them they looked at me as if i was crazy.......and just a tip ALWAYS go to the dealer and order parts in person, that way you can look and see what you are getting, they won't have most of the stuff in stock.
DocVijay - a 302 in a sport would be insane!......you would need the same stuff, but i don't know if the driveshaft would work.
i have lots of other info, so if you need to just e-mail me -
C280hothi@hotmail.com.....i will do a full write up when the damn thing is finally complete......i can't wait to post pics and mods!!!