I put a SuperChip in my '93 - what a difference! Here in Georgia, I run 93 octane Amoco, and the truck really likes it.
The engine has more power over the ENTIRE power band (it even sounds better), the shift points have altered, the shifts are much quicker and firmer. Definately a good modification.
A lady-friend of mine has a '98 Explorer with the 5.0 motor - I drove it last week. My SuperChiped '93 OHV motor (in a lifted truck with bigger tires) seemed more responsive. Granted, the 5.0 had the top end - when it got there.
A word of caution - when I was out west, getting oxygenated 91 or 92 octane gas, the truck liked to ping. Octane booster helped significantly, but not completely. I believe the oxygenated gas burns more readily (octane slows down combustion) so with the advanced timing of the chip (and the really hot desert weather), the engine pinged.