Yo Art,
AS Ron advised on ECT;
Remove the ECT sensor, If you see some rust in it clean it by sanding the surface using a fine grit sandpaper, Also check the connector and wiring. Reinstall and check for codes, if some are present change the unit.
ECT & Temperature Gauge Sending Unit Location Diagram in a 5.0
Source: by Gacknar (The Mall-Crawler, Jeremy, "Big grey megga beast") at SuperMotors.net
http://www.supermotors.net/getfile/265237/original/GT-40%20lower%20intake.JPG
J
Kossarides wrote, "...the brass style ECT is what you want, not el cheap plastic from Autozone; and check the harness connector, in most cases they just "unsnap" and come apart like a weather-pak style where you can either buy a new pigtail or get one in the JY and use ( unsnap -resnap) it on the existing 2 lead wire harness and you're good to go. I had a problem with my ECT connector not being hooked up...lol lol... but I won't bore anybody with the details...Remember the ECT is a fuel manager at "
cold start" so any issues with it may prevent starting..."
DTC
21, 51, 61 or 116, 117, 118 "...Failure in either the circuit or temperature sensor will show code 21, 51, 61 or 116, 117, 118.Unplug the harness connector. First, check the signal voltage at the connector with the key on, engine off. Should be approximately 5.0v. Then, check the resistance of the sensor cold. Should be between 58,750 to 40,500 ohms. Plug in the harness connector and warm up the engine to normal operating temperature. Then, unplug and check the resistance of the sensor hot. Should be 3,600 to 1,840 ohms...Testing; "..."But due to its simplicity of design, the ECT is rarely at fault when problems occur. Before testing the ECT or any other EFI component perform a self-test, trouble codes received during test can be used as a diagnostic tool along with other indicators. To test an ECT sensor you will need a volt meter. You can test the ECT by back probing the harness while reading the voltage returning to the EEC. Or you can removing the connector completely and test the resistance between the 2 pins on the ECT..." READ MORE
Source: by Ryan M (Fireguy50) at
https://web.archive.org/web/20120923014031/http://oldfuelinjection.com/?p=28
Consider Ford Fuel Injection and Electronic Engine Control: How to Understand, Service and Modify, 1988-1993; & Ford Fuel Injection and Electronic Engine Control: How to Understand, Service, and Modify All Ford-Lincoln-Mercury Cars and Light Trucks, 1980 to 1987 by Charlie Probst
avail @ BARNES & NOBLE, AMAZON, E BAY, ETC.