I assume when going to an explorer setup that you would tune, it has to be EEC-V, yes? Is there a way to use original motor, with EEC-IV distr lets say, (or add crank trigger to an original motor) and still use EEC-V?
Yes, you tune it. The EEC-V Explorer computers cannot run a distributor, so you need the Explorer balancer and timing cover for the crank signal. You can also run coil packs on an EEC-IV Mustang computer by replacing the TFI with an EDIS module and enabling it in the tune.
The issue with that is that there is a lot of wires and complexity.
Agreed. That's why I strip the harness down so that it is standalone for the most part. It is isn't much more wiring than Mustang EFI at that point.