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Ford Mustang GT Questions

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Either replace the motor, or sell the car as is. I have a mechanic friend that is going to replace it with a crate motor for $3,500-$4,000 its a new motor so it comes with a 100,000 mile/3-year warranty. Is this worth it? I'm $7k deep into this money pit due to unneeded suspension replacement trying to chase down a squeak that I never found, and also from rebuilding the transmission...

Engine tick, thought it was timing chain tensioners. Then the tick jumped to the opposite side of the engine(it was on passenger front, now it's on driver rear, yes I can feel the tick with my hand). I did an oil change, and it has tons of metal flake in the oil.
The motor only has 110,000 miles which is aggravating because these motors are supposed to be bulletproof.

SO! idk what the tick is, but the metal in the oil shows that I need a new motor... or a whole rebuild.... Is this car worth another $4,000? (just to repeat, I've already replaced the transmission. So almost all of the major components of the car have been replaced.) I know I'll never even break even at this point with this car, but I don't know if it is worth keeping this car alive.
2003 mustang 4.6 smokes when start and clears up a little bit and smells like raw gas fumes it does the smoking all the time it clears up and comes back all the time, no codes are stored
And the temp and oil gauges show higher readings when I turn headlights on, I put HIDs headlights in, ABS light also came on when I installed them, but headlights work but high beam light stays on then when you hit the dimmer the headlights go off, is that normal?? Help plz
THIS MUSTANG GT RTR(AUTO) HAS ONLY 14,500 MILES, GARAGED 80% OF THE TIME. WASN'T AWARE I HAS THIS ISSUE UNTIL I TRIED TO HAVE IT INSPECTED. ALL FUSES AND BLUB'S ARE WORKING. EVERY OTHER LIGHTING SYSTEM FUNCTION'S. I SUSPECT IT'S AN ISSUE AT THE TRANSMISSION. FORD TECH STATES THEY HAVE TO REMOVE THE ENTIRE INTERIOR, SEATS AND CONSOLE BECAUSE THE MODULE IS LOCATED NEAR THE SHIFTING LINKAGE. THERE IS NO SWITCH BY DESIGN.
Rod went through the bottom of the car oil is everywhere
When car is on, noise coming from under the trunk and it sounds like a electrical motor. I don't have a power antenna
Fixed alternator in car and warning light is still on. Is the alternator faulty or does warning need reset.
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