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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
390's and 460's are not the same block , i know i have built a few of them and had many more, they are not both fe motors they are quite different different stroke,rods,pistons, and the only ford motor where the pushrods go through the intake and not the head. very different and both motors are very heavy.
The 460 is in a engine family know as the 385 and 360/390 are FE motors, the last time a FE was used was in the 77 F-series in a couple of different sizes mostly medium duty trucks. The only trannys I know that will go behind them are a C-6 or Ford's 10 bolt toploader, the trans that is in your landlord's truck is probably a NP-235 with the granny low first gear. Putting a FE in a fox would be quite a project and probably really not worth the gain for the work. But if you do keep us posted cause it will be interesting to watch this build!