Yes it will work. If you just use the top half of the engine (all the EFI stuff) or the whole thing, it will work just fine. Mine has the original 72 block with an 87 Merc. Grand Marquis speed density EFI system. The car plenum will also fit under a stock hood without the need for a body lift. The truck plenum will either have to have one or more modifications, body lift, high rise hood, cut original hood or the easiest, to use a car plenum & adapter plate (BC Broncos sells the adapter plate).
Good luck boys, it is a great upgrade and you won't be sorry you did it. I never regretted junking the carb and I certainly won't ever look back.