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you could cover the running pony badge alignment holes with the "Powered By Ford" badge. i know ur trying to de-badge but the one i mentioned is very clean looking and a bit smaller in size.
Is so much smaller in size that it would not cover the holes.
They are farther apart than the 'Powered by Ford' emblem is.
If badge size is the problem, you could replace the overly large 4" S197
pony badge with the smaller 3" 00'-04' pony emblem.