Thanks for all the replies. Mine ended up being a combination of many things. Not only was my original fan clutch bad, but over 100 deg F the engine lost tons of power and it was roaring all the time; I could barely drive up a small hill. My mechanic found a Ford Bulletin on this exact problem.
ISSUE:
TSB 02-12-3: " Drivability, lack of power condition when operating in ambient temperatures above 100 deg F. This may caused by the PCM calibration which retards the ignition timing to prevent detonation when the air inlet temp AIT reaches 140 deg F or above. This may be more pronounced during stop and go driving. "
Fix:
"Verify the condition. Reprogram the PCM with the latest calibration and on 2000 and 2000 F-150's, install body plugs behind Coolant Overflow Bottle if missing "
Engine would fine in the morning and upon cold start up, but here in the desert summer temps hit over 100 deg F daily. I was loosing sooo much power in the afternoon heat that the engine was not producing enough power/torque to overcome the fan clutch, intern making it " roar " constantly. So my mechanic updated my PCM with the latest software, he also found my air filter nose cone separating ( replace with new ) and removed the " GOTTS Mod " putting everything back to stock. So far this is a TOTALY different vehicle, It's never run better. I seem to have all my power back, the transmission even shifts different ( in a good way ). Now the fan cutch does what it is supposed to do, it's loud upon cold start up, when the clutch engages during normal driving conditions ( stop and go traffic ) the engine has enough power/torque to overcome the fan clutch and it gets quiet again. It's been a very frustrating past week, I hope my my post will help others when they encounter this problem.