Timing is 10*-12* BTDC. First things first. Give it a complete tuneup using only Motorcraft parts. 2.3's are very finicky about Motorcraft parts! Really! Set the timing w/SPOUT out and RUN CODES! This will give you a good idea where the problem lies. Adjust the TPS. Clean out the IAC. Make sure the EGR isn't sticking. Make sure you have good ground straps from the engine to frame (it really does make a difference). If possible, check your fuel pressure. If you've got more than 15k on the sensors, replace them. Especially the ECT, ACT & O2.
Are you sure your timing belt didn't slip a tooth? Double check your VAM wiring. Did you wire it correctly? If it's too rich, the ECU is getting a signal that the mixture is too lean, therefore it richens the mixture. Hence, O2 sensor and VAM concerns. That's just my 2 cents. Post this question on
www.turboford.org. There are people over there more skilled than I when it comes to troubleshooting turbofords. Good luck!