Yes, that's the backside of the engine, upside-down. I have no idea why that long bolt is there. Maybe to remove the oil pan with the trans attached? That would be a weird way to remove it.
I have all my documents/pictures and more on my Explorer here:
https://www.dropbox.com/sh/zud28082dubxeze/AADguWM08B-BoL4sjisw9y9Xa?dl=0
You can go into Pictures and then Engine Removal for more.
A lot of people would say you can leave the engine in and just remove the trans to get at the rear main seal. I'm sure it CAN be done but after knowing what I know now, I'm glad I pulled the engine. I had never done anything like it before (hell, before getting the Ex, I had never done any work on vehicles) and didn't know the entire process. Luckily I had some knowledgeable people walking me through it but I did the majority of the work.
All in all, it took me about a week. I took 2 days in the middle of the week off for something, I don't recall now. So, in reality, 5 working days. I did a fair amount of stuff and took my time. I'm sure a few people on here can drop a trans or remove an engine in a matter of hours.
The hardest parts for me were getting at the bell housing bolts. The previous owner had dropped the trans twice and the second time, it was hastily installed, the bolts were ran in real quick with an impact gun. One got stripped in that process. An impact gun will be necessary to remove the bolts, along with an assortment of extensions, wobbles and universal joints. 2 bolts by the exhaust took almost 2 feet of extensions. I didn't bother dropping the exhaust and I had to go around the catalytic converter.
Another stressful time was trying to get the engine back in, getting everything lined up. You have to fight the motor mounts, torque converter studs and the 2 protrusions (ears?) on the transmission bell housing. They all have to line up. It took the 3 of us a couple of tries to get it right. We were so close the first time and something shifted and it all just fell apart, tried it again for another hour and nothing went right so it came back out and sat on the floor overnight. Came back the next day and still couldn't get it right so it came back out again. Adjusted the chain on the hoist, got a new plan of attack and it went in, slowly. I found that you have to lower the engine enough to get the flex plate into the bell housing, then you can orient for the torque converter studs. Once the studs are close, you can align up the engine & trans and slide it into the alignment pins. See here, on the left & right of the flex plate:
https://dl.dropboxusercontent.com/u...Explorer/Pictures/Engine Removal/P1020086.JPG
There's 2 studs/pins/dowels/whatevers that stick out and help seat the engine on the trans. Once the torque converter studs are aligned to the flex plate, align the engine & trans up and hopefully the torque converter studs will poke through enough to get a pinch nut on there. If it does, get one on and rotate the engine and see if you can get another one on. If the engine doesn't want to rotate easily then something is binding and you may have to jostle things. Once the torque converter and flex plate are happy and the pins are holding the engine & trans together, run the 2 bell housing bolts at the top of the engine in to hold it and seat the engine on the motor mounts. I opted to replace my motor mounts and I'm glad I did, the OEM ones were flexible while the new ones were so firm I thought they were solid steel. The alignment pins on the motor mounts weren't perfectly straight and made things difficult to align. This was one of the hang-ups that caused problems earlier when dropping the engine in. I took an angle grinder and made the alignment pins on the motor mounts pointed so the engine would fall into place easier. You'll see what I mean when you look at it in person. Once everything's seated and happy, start piling crap back on the engine in the way it came off.
I opted to do the cam chain assembly (sprockets, chain, tensioners) but looking at the OEM one with 225,000 miles, I don't think it was fully necessary. It depends on your vehicle's history too but I know mine had been neglected in the past. I took pictures of the chain, tensioners and sprockets, you can see them in the link above. I also opted to do the core/frost plugs. I don't think they needed to be done either but they did have corrosion and I wanted to install a block heater anyway. Anyone that installs a block heater in a first gen Explorer without removing a LOT of stuff would be a miracle worker.
Hope this helps
It is a scary idea but if you have the tools, place to do it, and someone knowledgeable to help, it is very doable.