Show me a complete pull out coyote for under $6500. I do mean a complete; engine, harness, computer, all of it.
Engine for $3500
http://www.automotix.net/usedengine...es=433a36c55815f08ae1d0ba62f4d126dc&seq_num=5
Processor-$243
http://www.automotix.net/usedautopa...s=da93ed99075f5c492cd9345d9418ee51&seq_num=21
Trans-$1674
http://www.automotix.net/usedtransm...s=fd8a38042ddab297c70930575d02caea&seq_num=18
Transfer case-$843
http://www.automotix.net/usedautoparts/2011-ford-f_150-transfer_case-inventory.html
So thats $6260 for the entire drivetrain and processor, shipped (no tax , yet!!!). Didn't see harness listed, but I'd guess you could get it from one of those yards.
If cost is the same, I agree go stroker. But I still maintain that motor for $3500 (with like 20K miles on it) will be a grand within 4-5 years with 60-80K miles.
TC probably won't fit, but I think in the not to distant future, that engine/trans combo, basic swap parts, stock proccessor with custom harness, and adapter to maybe a 205 case will be had for around 5 grand, if your patient in buying your parts. There will just be too many of these low mile motors floating around, it will be too attractive, even with the install costs/pains.