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Bunker Hill, WV
NOT supposed to be codes. IT'S a maintenance reminder. Turn key off , press and hold 'reset' button in gauge area on right , turn key on (just to 'run' position , not start) continue to hold button in for at least ten seconds , the light should then go off (reset).
How many miles? Broken timing belt?
Do you have the harness and PCM from the '92 engine? If not just always keep a reserve of cash for repairs to mods.
You answered your own question , thank you. Check belt tensioner and other pulleys.
Are you getting voltage to any of the fuses ?
Do you want status or a dependable car? Consumer reports 'used car buyers guide' might help you with your decision.
Solution may be to have it test driven , with scanner reading 'live' data , while duplicating symptoms you describe. Next time it happens , don't pull over and stop (if traffic permits) , just put in neutral and shut it off(NOT TO THE LOCK POSITION!!!) and restart it , put back in drive and see if problem goes away , IF it does , then probably a wiring or connection issue. Would still need testing to confirm proper diagnosis.
PEDAL position sensor would be in the pedal assembly , THROTTLE position sensor would be in throttle body housing, both have redundant sensors.
It sounds like it's operating as designed- slow down on icy roads. Ice IS ice , unless you have magic tires , drive in a suitable fashion , as road conditions permit. (last 15 words of your statement)
possible you mean 'inertia' switch? owners manual will have exact location. Most likely in trunk behind a removable panel (possibly with a label on it).Also (with VIN#) ford dealer parts dept. might be helpful.