It should be alright to tow with. I tow with an f150 w/ a 300 6 with a 5 speed and it gets the job done but i'm longing for a v8 powered tow rig. Right now my mileage is about 9-10 towing my jeep and a ton of extra crap doing about 65 when i can do it between home and school (it's pretty flat though there are some hills). I figure my gas mileage won't be any worse if i get a v8, i'm practically getting big block towing mileage with a motor that has 1/3 less cubes. If the truck is in good shape and it doesn't have 4 million miles on it i'd say it's a good deal. If it's really rusty pass on it, my ford is rusting away and i won't make the mistake again of buying a real rusty truck.
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