I choose the v8 for three reasons:
The V6 wasn't out yet.
The V8 is faster than the V6.
The V8 has a 5spd tranny, a must as far as I'm concerned.
It may have 30lbs more tq and 10less hp, but it's the area under the curve. . .I need to get a dyno, but point is, when both are supercharged, the 4.7L is going to respond A LOT better with larger gains.
At least we have a supercharger (well, on hold right now). . .the 4L hasn't even been developed yet, yet ANOTHER reason if I were choosing now that I'd go with the V8.
MPG is moot, to get teh V6 to scoot, you'll be pushing the same mileage in the CITY.
hwy is diff all together. . .
Suneil