Ken, the story of the Texas 5.4L Ford is evolving right now. The short version of advice I have, is keep the EGR system all in place.
Our guy in TX kinda went "whole hog" at first, and tried to completely delete the EGR. complete system. His result: big power improvement, but a loss in MPG's to go with the extra power. .
So now, he has reinstalled the EGR system completely, and he's trying out Greg K's diagram of altering a few hoses, to see if the ECU will play ball.
Keep your eye on this thread as it evolves...
thanks!
Tracy G.