The engine oil pan gasket can develop a leak. Leaking oil may accumulate on the exhaust system resulting in a burning smell. Replacing the gasket should correct this leak.
Problems for specific Ford F-150 years:
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Most reported 1995 Ford F-150 problems
If there is a vibration or noise at highway speed, it could be from the frontdrive shaft and may require replacement of the double cardan joint. A double cardan joint is a type of driveshaft joint that uses two universal joints.
If a noise from the rear end is heard when going around turns or after driving at highway speed for an extended period, there is an updated differential clutch kit available.
Tubes for the EGR system (exhaust gas recirculation) can break, causing an exhaust leak and noise under the hood.
When cold, the engine started up and idled OK but after driving it somewhere then shutting it off and trying to restart, it barely started and ran very rough for a while. Pulled the codes out and they were 172 and 211. The 211 is regarding the PIP signal. Replaced the ignition control module ($54.99 from Advance Auto Parts) on the driver's side fender well and now it runs like a champ.