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I am currently completely going through it...on top of engine work I knew about, it's getting brakes all around, upper and lower trailing arms, track bar, shocks ( some of this will probably be taken care of by a lift kit) and a few other small things.I would be worried what else has been modified? if that was the general level of mechanical competency of the previous owner, you could be in for some very nasty surprises.
I will never understand why people do idiotic dangerous things to save $45... If you can't or won't spend the $ to fix it properly just park it.wow! whats the cost for the actual replacement part? $40 with the bushings pre-installed? if he was willing to go through all the time and trouble to cut steel and measure where to drill the holes, why not just put in the right parts to begin with?? Ford F150 = best selling vehicle of all times. Parts are readily available.
check your truck for more f*(ktard modifications. thats a safety issue with 5000lbs or rolling steel.