Fuel pressure dropping to 45 psig simply when cranking is telling you that you have a problem there.
Since you have a fuel pressure monitor, have you seen low fuel pressure in the past - especially at WOT?
Have you done the two "bubble tests' to look for air in the fuel system?
One is when filling an empty secondary fuel filter bowl. Takes two people. Fuel will flow with the key in the "on" position, and will flow fast. Have the person on the key ready to turn it off quickly. Look for bubbles as the bowl fills. Time how long it takes to fill the bowl.
The other test is to crank with the starter solenoid jumpered to the passenger battery + terminal. Ford gave you a connector along the passenger side fender well so you could disconnect the wire to the solenoid and it is long enough to reach the + terminal.
We can give you links to show this more specifically where that connector is if you need it. Basically the connector is near the vacuum pump and the wire is a yellow wire with a light blue stripe.
Basically you start with a secondary fuel filter bowl about 3/4 full. Then you crank and watch for bubbles. You may need to crank for 4-5 long cranks (15 seconds max on each crank with "rest" time in-between cranks). Do not overheat the starter.
Since you have a fuel pressure monitor, have you seen low fuel pressure in the past - especially at WOT?
Have you done the two "bubble tests' to look for air in the fuel system?
One is when filling an empty secondary fuel filter bowl. Takes two people. Fuel will flow with the key in the "on" position, and will flow fast. Have the person on the key ready to turn it off quickly. Look for bubbles as the bowl fills. Time how long it takes to fill the bowl.
The other test is to crank with the starter solenoid jumpered to the passenger battery + terminal. Ford gave you a connector along the passenger side fender well so you could disconnect the wire to the solenoid and it is long enough to reach the + terminal.
We can give you links to show this more specifically where that connector is if you need it. Basically the connector is near the vacuum pump and the wire is a yellow wire with a light blue stripe.
Basically you start with a secondary fuel filter bowl about 3/4 full. Then you crank and watch for bubbles. You may need to crank for 4-5 long cranks (15 seconds max on each crank with "rest" time in-between cranks). Do not overheat the starter.