Ok, it's time to end this confusion and explain why I don't think the 5R55W is behind the 4.6 Modular Explorers. All of the new Ford transmissions use this special numbering system. 5R55W
does mean something
I will use the 5R55W as an example. Here is how it goes :
The first number is how many forward speeds the truck has. On this transmission, it happens to have 5 forward speeds. It accomplishes this with only 3 "gears" because it kicks in the overdrive clutch band in 1st and 2nd gear to give you 5 speeds. It looks like this; 1lo,1hi,2lo,2hi,3rd. The "his" are when the OD kicks in. True Overdrive would be the 3rd gear, and the 6th shift you feel would be the torque converter locking up.
The next character is a letter, in this case it is "R" for rear-wheel drive. This is self-explanitory.
The next few numbers, in this case "55", stand for the maximum torque rating the transmission is built to handle. Add a "0" or mulitply by 10, and you get the real number. In this transmission it can handle 550 lbs/ft (55 X 10 = 550). The torque converter multiples torque by 2, so the SOHC 4.0, which puts out a maximum of 250 lbs/ft of torque, would actually exert 500 lbs/ft torque to the transmission (250 X 2 = 550). This is within the limits of the transmission. The Torqshift on the new turbo-diesels is 5R110W. Yes, that's right, 1,100 maximum torque rating
The last character can be a multitude of things, but on the 5R55W, it means "Wide Ratio". The "E" stands for electronic shift as opposed to vaccum or throttlve valve cable. S stands for synchronous shift; N stands for non-synchronous.
Phew, that was long. What I am trying to say is that the 5R55W that you say is behind the V-8s can not be a good idea at all since the V-8 puts out around 280 lbs/ft torque which would mean (280 X 2 = 560) that the max torque rating on the tranny is not only met, but exceeded. I still believe the V-8 tranny is the 4R70W since it can handle 700 maximum lbs/ft torque. I know the new F-150
still uses some sort of C4 (AOD-E which became the 4R70W) based transmission, and it uses the modular motors as well.