My biggest challenge was pulling the distributor gear. The varnish accumulated made it difficult to pull - I ended up breaking the gear, so ended up buying a new distributor anyway, which came with the pickup already installed.
Would be cautious over blindly replacing this pickup sensor part - if you can't pull codes, there may be something wrong with the computer itself. Suggest this needs to be figured out first.
Good luck - and keep us posted.
1989 F150 XLT standard-cab shortbed 4x4, 5.0L, AOD, 3.55 gears, manual hubs, 31x10.50 tires, 218K miles. Repainted Oct09. SOLD - Jan2015
2014 F150 XLT standard-cab shortbed 4x4, 5.0L, 6-speed auto, 3.55 gears, auto hubs, locking diff, trailer pkg, 3K miles.