Well, I hate to say it, but I haven't got too much accomplished in the past couple of days and will be out of town this weekend, so not too much progress will be made until later sunday. Busy, busy, busy... But I will "update" the materials and cost:
For doing this to a mostly stock 5.0, this is what is reqired:
-Unassembeled Megasquirt 1 or 2 (2 allows for a wider variety of control, so I went with MS2) : $250
-EEC-IV adapter board (Not required but it makes using your stock wiring harness easy and clean. With this, you can just unplug the MS and plug your factory computer back in no prob): $67
-Relay cable to go between the MS and the adapter board : Free because I just happened to have wire and db-37 connectors from work =)
-DB-9 to USB adapter (Necessary if your laptop does not have a db9 port) : $20
-25 watt soldering iron (not too much hotter or you can damage components): $12
-Resin core solder: Free bacause I already own some
-Simulator board to test your megasquirt: $50 (I am borrowing one from a friend, so free again for me =) )
-Ford EEC-IV computer to harvest the connector and case from (the adapter board bolts right inside a stock Ford computer case) : $30
Total cost for me : $390 AFTER shipping.
You would need to either buy a relay cable for $70 or make one for about $20. You would also need the simulator, another $50.
That all totals to $510 if you decide to buy the relay cable and adapter board, and dont get anything for free lol.
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1988 5.0 with bolt-ons. Fast approaching 200k and still screamin'!
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