RE: Tranny Tailshaft Seal Replacement
Jason, you shouldn't need to take the exhaust or fuel tank down to fix the seal. The shop manual is correct. This is the way we do it at Ford dealerships:
-Drain the transmission by removing the pan (if needed).
-MARK THE DRIVESHAFT AND PINION FLANGE.
-Undo the rear driveshaft to pinion flange bolts. Pry the shaft free; it will be stuck to the flange.
-Support the differential housing and undo its mounting bolts. Lower the housing which will be supported by the half-shafts.
-Slide the driveshaft rearward and you'll be able to push it back and over the now hanging differential far enough to get the slip yoke out of the extension housing. Bungee it off to the side and do your seal. The shaft can't fall; it's supported in the valley of the fuel tank. (Our "transmission specialist" uses this method when he removes Mark/T-Bird/Cougar transmissions, leaving the driveshaft behind, resting on the fuel tank).
Changing the bushing is a very good idea, and Dave's absolutely right. Ford will try to sell you a whole extension housing. Take yours out and have an aftermarket bushing pressed in.
Taking the driveshaft right out of the car for repair, or removing the extension housing, will leave you with no choice. The exhaust has to come off. Support the transmission and take the crossmember out. Disconnect the VSS/OSS and take it out. Unbolt the extension housing and slide it over the tailshaft. The driveshaft is the fun part. If you stick your tongue out of the side of your mouth, close one eye, and curse a lot, you'll now be able to wrestle the driveshaft forward beside the transmission and out of the fuel tank valley. This is a lot of aggravation. It's usually more straightforward to just lower the tank.
I hope you have access to a hoist. I wouldn't envy you doing this in your driveway.