OK, when it rains.....
Replaced regulator and I now have good pressure at the rails. Now I have no spark. I connected an old plug from a plug wire and then the coil and got nothing. What are the odds of a regulator and coil going out at the same time!!!
I am looking over the schematics now to see if I left anything unplugged from troubleshooting the first problem or if there is something else that could have failed.
The fule pump was easier to replace than the regulator! Nobody at Ford thought of mounting up front?