Hey MustangManiac22,
Sorry to hear your pony is sick. First of all, you might want to not run the car until you diagnose the problem. If you need to run it to help figure out the source, do it under light load. Get yourself an engine stethoscope. I looked at Ebay and theres some cheap ones there. You can use this to "listen" to the inside of the engine:
Cal Hawk Automotive Mechanic Stethoscope Engine Repair Diagnostic Tool CZMS | eBay
If you have isolated the sound to the top driver side of the engine, it more than likely has nothing to do with the lowered suspension. Inspect the valvetrain. '95 was the last year with the OHV pushrod 5.0 which means you have lifters. Hydralic lifters can fail over time/mileage/use causing a "collapsed" lifter. This essentially means the lifter has failed and now the pushrod that actuates the rocker arm which opens the valves is slopping around. I suggest removing the valve cover and with the engine off, negative battery cable disconnected, rotate the engine by the crank bolt until both valaves on a particular cylinder are closed. Try moving the rocker arm or pushrod of that cylinder to see if there is any "play". Check both valves of each cylinder. If you find a lifter at fault, you need to pull the intake manifold to access the lifter galley. Good Luck.
Brandon
-Crazy Horse 07
Sorry to hear your pony is sick. First of all, you might want to not run the car until you diagnose the problem. If you need to run it to help figure out the source, do it under light load. Get yourself an engine stethoscope. I looked at Ebay and theres some cheap ones there. You can use this to "listen" to the inside of the engine:
Cal Hawk Automotive Mechanic Stethoscope Engine Repair Diagnostic Tool CZMS | eBay
If you have isolated the sound to the top driver side of the engine, it more than likely has nothing to do with the lowered suspension. Inspect the valvetrain. '95 was the last year with the OHV pushrod 5.0 which means you have lifters. Hydralic lifters can fail over time/mileage/use causing a "collapsed" lifter. This essentially means the lifter has failed and now the pushrod that actuates the rocker arm which opens the valves is slopping around. I suggest removing the valve cover and with the engine off, negative battery cable disconnected, rotate the engine by the crank bolt until both valaves on a particular cylinder are closed. Try moving the rocker arm or pushrod of that cylinder to see if there is any "play". Check both valves of each cylinder. If you find a lifter at fault, you need to pull the intake manifold to access the lifter galley. Good Luck.
Brandon
-Crazy Horse 07