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Most 5.0 guys love the automatic even with the 3.15 final gear ratio. You will be very happy when/if you do a final gear ratio swap. The automatic transmission is the 6R80 Ford/Livonia and has a steep 1st gear ratio of 4.17. You will notice a power increase and the transmission will get a crisper beyond 1500 miles as the engine and transmission get broke in.
I hope you enjoy your 5.0, thank god you stayed with an American company. I would love to see pic's and keep me in the loop as you start modding the car.
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