Yes sir, you just can’t get better than a old 7.3, they just run. I added a 6.0 trans cooler and that really helps. I keep mine in the garage and only comes out to work. It's not a daily driver/grocery getter. The EPA bastards killed the 7.3. When I talk with other diesel owners that tow I ask them "if they were going to tow something large would they want to use a 351 Windsor (6.0 litre) or a 460 (7.4 litre). I rest my case.
I would like the transmission setup you have, but there is no transmission shop within 100 miles I would trust. I could go with the newer one if needed.
Where do you live? Transmission can be shipped. My friend (Bud) builds a killer unit. Years ago he built my trans, then not so many years ago I changed from the Dana 20 to the 203/205 combo. This required Bud to gut the transmission to change the output from the 20 to a different 203 setup. He stated that "knowing what I do with my Bronco, I expected to replace a lot of parts. He told me after returning it that it looked like he had just built it"
I still need to go to the you pull it and get the Explorer 5.0, they have 3 with no frontend damage. I will be pulling the engine with front brackets. What other parts should I pull from the Explorer?