Absolutley. The tool I rented was rented from Advance Auto Parts. I think it was like 150-200 bucks. I paid full price, and got all my money back the next day when I was done. But some places allow you rent by the day, for like 10 bucks per 24 hours.
http://www.amazon.com/Joint-Tools-Fr...d_i=B000SIFO3M
This is similar to the set you will need. It comes will all the adapters you need. You should only need a few. Okay, I cant remember exactly the steps I did, but if you get a haynes or a chiltons, it will tell you exactly how to do it. Im going to give you a link, on how to do it from another site, but in his steps, he removed the tie rod ends. I never did that cuz i didnt need to. But he gives you a pretty good idea on how to do it. I wish I would have taken pics when I did it, but never even thought of it. Also, some may tell you that you need to do a camber kit, but I was told by 3 different alignment shops that they can realign it with the factory bolts on the control arms. Also, make sure you get ball joints with grease zerks.
Like I said, he did it almost exactly how I did it, and it took about an hour per side, Only i didnt remove the tie rod ends. I never used a pickle fork either. I was able to just give the ball joints a couple of taps and they fell out.
heres the link.
http://www.ford-trucks.com/article/i...ll_Joints.html