I've never understood why Ford put the noisy, weak C2 pump on F-series & Broncos, but the venerable Saginaw on Econolines. In any case, it's an easy swap if you find a Saginaw from a similar engine (V or inline) with the same style belt. This one on a 5.8L Bronco is being replaced for the typical grinding noise, even though it still seems to work.
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In any case, adding a filter (Raybestos Magnefine 3/8"
515554 or
3810000) is a wise move:
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Always use the correct fluid, which is the same ATF that the transmission uses:
http://www.fordparts.com/Products/Chemicals-TransmissionFluids.aspxIf your trans uses gear oil (old stickshifts), then your PS pump uses Type F ATF.