The 5.0 liter is the name Ford gave the hi-performance 302
it introduced in 1982. All 302/5.0 engines are the same
block/bore/stroke except for the rare 1969/1970 Boss 302
which you will probably never find.
The bolt pattern for all the major parts including the transmission is the same for almost all 302/5.0 engines.
All newer 302 engines use the same 50 oz harmonic
balancer. The major changes were in 1985 (?) when
roller camshaft was introduced, and 1987 when the newer
high performance cylinder heads were added.
NOTE ! Ford also made low performance 5.0 engines during this time, which use different roller cams, cylinder heads,
intake manifolds, and a different firing order.
The intake manifolds of high performance 5.0 engines
generally have a plate riveted on top that say 5.0 HO
(high output).
The 1987 and newer 5.0 high performance engines
were used mostly in Mustangs, and many were also
sold by dealers as spares. They rev pretty well,
limited mostly by the valve springs and stock
cylinder heaads. A good running 5.0 should do
6,000 rpm without problem. If you want to rev higher,
you will need different heads, rockers, and camshaft.
There are several good books available on the 5.0.
The major difference when used in a GT40 is whether
the engine will be computer controlled fuel injection,
or non-computer with carburetor.
MikeD