I have this same problem. I have had my 93 truck for four years. It has had the surging problem off and on the whole time I have owned the truck.
My friend had a 94 Lightning for five years, which off and on had the same problem. In addition to the surging we both had what I would refer to as a miss. Not at idle but when in neutral. Revved up to any RPM above idle and held. We could both also feel this miss driving normally down the road. It seems to me the more moods, and timming used (12 degrees or more) the more the miss and surge is enhanced. Mine has had the miss since I have owned it. I have replaced everything but the cigarette lighter to fix it.
Meaning Plugs, Ford fuel filter (I am on the fourth one now) Crane Hi-6 TR with PS91 coil, Ford 02 sensor, Ford Motorsport wires, new Ford Lightning distributor Cap. $42.00 dollars from the dealer. The cap is black with alum terminals. Everything I had previously put on it had Brass terminals.
None, of the above items helped!
I can say when the truck will not idle at all, dies at a stop light, idles extremely low, or has a whistle sound. It is probably the Idle Air Bypass. That is what mine did in addition to all the above. I also checked for vacuum leaks at the time, and did not find any.
Yes, I replaced the idle air bypass! Bought the part from Ford. Had my mechanic put it on, and the truck is running exactly like it did before. Part replaced 3 years ago.
When the Idle Air Bypass was replaced, my truck no longer whistled, died at a stop. “Surged “extremely” bad. Or idled at a very low RPM.
My point here is this; I think the Lightning’s just do this. It is normal! I think this for two reasons:
1) Too many of us complain about the same problem.
2) Most everyone that has posted about this problem says their truck run like a “RAPED APE” at Full Throttle. Which is what counts with me.
I hope someone can figure it out. I have spent way too much money on this one!
Mike