Really... hmmm. I'll have to check that out.
But still, the 5.0 isn't a 427.
No, but it's a VERY good powerplant. Ford Racing offers it in a complete crate configuration and when paired with the Boss Power Pack, you're looking at about 470 HP with a durable 6500 RPM redline, all under warranty. With the weight savings and compact envelope, this would be tough to beat in a pony car, FFR or Superformance Cobra or street rod build.
If TCI comes up with a Coyote tranny kit for their 6x 6-Speed GM 4L80E with paddle shift (they have them for Ford SB, BB and 4.6 modular), it would be an unbeatable package for an all around street build.