If the 5.4 is the same as the 4.6 in having the massive PCV vacuum source up near the firewall, you'll need a heater bypass plug to cap that for the PCV re-route, if that's how you choose to apply it.
It's a big 5/8" or 3/4" inlet. I was able to find an assortment pack at my local auto parts store that had the right size in it. I'd even put a hose clamp on it to be safe.
Cable-driven TB's are a good place to start, John - you don't have to worry about where the idle position of the plate is to the same extent as a drive-by-wire electronic throttle assembly - just figure out how you're going to hold and move the TB and cutting tool to get the right bit angle, and make sure to not force the bit (or you'll break it) so that it bites and chews naturally for each cut.
I also suggest cooling, cleaning and lubing the bit after each cut with some light oil...WD40, seafoam, MMO...a slight pause gives you a chance to plan your next cut, let whatever nerves/stress/heat dissipate, breathe, take pictures to post
...
Keep the aluminum shavings to mix with the epoxy as a binder agent if you need to fill the groove and re-cut for whatever reason...but if you stop and think before and during, and move slowly: you'll have great success. It doesn't take long at all, but it shouldn't be rushed.