Looking to add more than 100...
Looking to add more than 100 hp to your 4.6L Two-Valve? Look no further than basic bolt-ons. The basis for this series of tests was a '97 4.6L Two-Valve motor. In stock trim, these early (non-PI) motors were rated at 215 hp and 285 lb-ft of torque.
With the recent introduction of the new 5.0L motor from Ford, it seems obvious that the Modular motor program is here to stay. Those diehard enthusiasts of the original 5.0L who are still waiting for Ford to come to its senses and bring back a modern version of the original pushrod motor need to come to grips with the reality that Elvis has indeed left the building. Though gone, the original 5.0L is not forgotten, and lives on in a great many buildups.
Another engine looking to follow in the footsteps is the original 4.6L Two-Valve motor. Not quite on par with the new or old 5.0L in terms of industry significance, there are (nonetheless) literally thousands of 4.6L Two-Valve motors around begging to be modified.
But do you stick with the all-motor, bolt-on route, step up to a stroker, or opt for forced induction? Heck, for that matter, why not combine a couple and toss in some nitrous for the ultimate in Two-Valve performance?
Fans of the all-motor route seek to optimize the flow, efficiency, and compatibility of their chosen components. Obviously, the forced-induction crowd relies on boost, while the nitrous contingent just adds a little squeeze. There are arguments for and against all three methods, as it takes one heck of an all-motor buildup to equal the power of a blower or turbo motor. That is where additional displacement via the stroker might come into play.

Naturally, we ditched the...

Naturally, we ditched the stock exhaust manifolds in favor of a set of Hooker long-tube headers. The 1 5/8-inch headers fed 18-inch pipes.

All testing was performed...

All testing was performed using the FAST XFI engine management system. Dialing in the air/fuel and timing curves was critical for maximum performance. Diablo, SCT, or other hand-held flash tuning systems can be used to tune the motor in the car.

We drained the old motor oil...

We drained the old motor oil and replaced it with fresh 5W-30 Lucas synthetic. We had plenty of dyno runs in store for this motor and wanted to make sure it lasted through all of our testing.
Since power output and cost are interrelated, building more NA power becomes quite expensive at some point given the output. Blowers and turbos offer impressive power potential, but problematic blower belts and turbo/intercooler fitment are issues that require attention. Plus, the well-designed turbo kits can drain your wallet. Of course, nitrous owners are labeled bottle-babies, but it's hard to argue wiht the power that is available at the push of a button. One thing for certain is that the debate will rage on as long as people have different opinions.
The reality is that there isn't one ideal avenue for performance. Even if we limit the desired power output to a nice round 400 hp, it doesn't take a genius to see that same 400 hp could be applied differently for different applications. Assuming the same peak power output, a heavy tow vehicle (especially a diesel) would require a decidedly different power curve than a hot street/strip Mustang. In addition to being application-specific, the power output can be component-specific as well, as there are many different combinations that can be assembled to reach the desired goal.
Plucked from a local wrecking yard, we began with a 197 Two-Valve, which means the early non-PI variety. Substantially weaker than the later 260hp PI version, the non-PI was the motor Ford offered to replace the original 5.0L. Unfortunately for Ford, the non-PI 4.6L lacked both torque and the high-rpm horsepower promised by the fancy overhead cam design.

Run in stock trim with the...

Run in stock trim with the Hooker headers and a simple air-intake system, the otherwise-stock '97 4.6L produced 266 hp at 5,000 rpm and 341 lb-ft of torque at 3,600 rpm. Judging by where non-PI engines make peak power, they were obviously tuned for torque.

We started our list of bolt-on...

We started our list of bolt-on modifications right at the top by removing the factory throttle body and inlet elbow. Accufab supplied this trick billet-aluminum, 75mm throttle body. The airflow offered by the AccuFab unit was more than sufficient to feed the needs of our naturally aspirated Two-Valve.
Our test mule was a high-mileage unit, but a compression test revealed it still had plenty of performance left. After upgrading to Lucas synthetic oil, the motor was installed on the engine dyno and equipped with a Meziere electric water pump, Hooker long-tube headers, and a FAST engine management system. Using the FAST management system, the '97 GT motor was tuned to provide 266 hp at 5,000 rpm and 341 lb-ft of torque at 3,600 rpm. These non-Power Improved motors weren't rev happy, but they did manage to produce acceptable low-speed torque. Torque production from the 4.6L motor exceeded 300 lb-ft from 2,500 rpm to 4,600 rpm.
You may be wondering why an otherwise-stock '97 GT motor rated at just 215 hp produced over 260 hp on the engine dyno. The answer is quite easy, as the Ford rating of 215 hp came with a complete induction system; a full exhaust, including cats; and full accessories. The rating also includes running at operating temperature and using the factory tune (for air/fuel and timing).
For our "stock" test motor, we changed just about every parameter, including running a revised inlet system (open filter and section of 3-inch tube); a free-flowing exhaust, consisting of Hooker headers feeding 3-inch collector extensions; and absolutely no accessories (only an electric water pump). We also optimized the air/fuel and timing curves using the FAST management system (the factory tune was much more conservative) for performance, without concern for emissions.
Applying the basic bolt-on route, we replaced the factory power-producing components with more efficient aftermarket versions. Off came the stock '97 non-PI heads, cams, and intake manifold; on went CNC-ported heads from Total Engine Airflow (PN XE274H), Comp cams, and the late-model Power-Improved (PI) intake manifold. The late-model PI heads (ported by TEA) not only offer additional head flow (roughly 45 cfm per runner), they also increase the static compression thanks to smaller combustion chambers.

Since we're upgrading the...

Since we're upgrading the non-PI heads with PI versions, we elected to install the factory PI intake manifold. Look for us to run an aftermarket PI intake on our stroker motor.

Accufab also supplied a 75mm...

Accufab also supplied a 75mm intake elbow. Testing has shown the intake and throttle body to be worth as much as 10 to 15 hp on the right application.

Not content to install stock...

Not content to install stock PI heads, we enlisted the aide of Total Engine Airflow to port the PIs. It supplied a set of Stage 2 heads that included new Ferrea valves, Comp Cams valvesprings, and complete porting to maximize flow.
The combination of the additional compression, head (and intake) flow, and cam timing had a positive effect on the power output of our '97 GT test motor. Using the stock short-block with the TEA heads, Comp cams, and PI intake (and AccuFab TB and elbow), the 4.6L produced 390 hp at 5,900 rpm and 384 lb-ft of torque at 4,800 rpm.
Given the torquey nature of the stock non-PI motor, we expected the modified motor to sacrifice torque down low. After all, we did add much wilder cam timing. Lucky for us, the trade off in low-speed power was minimal. Credit the additional static compression for minimizing the low-speed losses. Torque production from the all-motor combination exceeded 350 lb-ft from 3,800 rpm to 5,800 rpm, making for one sweet powerband. In terms of idle quality, the XE274H cams were certainly lumpy, and if we had them available in time for testing, we'd opt for the (higher-lift) PI versions of the XE cams.
If you go looking to run this combination, the non-PI motor is actually a better starting point, as the PI short-block will offer lower compression when run with the PI heads. If you already own the PI motor and are changing the pistons or stepping up to a stroker, this is a moot point.

The CNC porting significantly...

The CNC porting significantly improved the flow rate of the intake ports. These intake ports flowed 221 cfm at 0.600-inch lift (up from roughly 152 cfm in stock configuration).

The exhaust flow was equally...

The exhaust flow was equally impressive, as the Stage 2 heads flowed 203 cfm at the same 0.600 lift.

The late-model PI heads also...

The late-model PI heads also feature smaller combustion chambers than the stock '97 non-PI heads. The change in combustion chamber increased the static compression to 10.4:1. Note the Ferrea valves and detail work to the combustion chambers.

The cylinder head upgrade...

The cylinder head upgrade for the non-PI motor includes Fel-Pro MLS head gaskets and ARP head studs.

The TEA heads were installed...

The TEA heads were installed onto the awaiting high-mileage (but still in excellent running condition) '97 4.6L short-block.

We replaced the factory non-PI...

We replaced the factory non-PI cams with these XE274H cams from Comp Cams. The (PN XE274H) cams, which offer 0.500 lift, a 236/240-duration split, and a 114-degree lobe separation, worked well. The PI cams from Comp might actually be a better choice as they offer 0.550 lift, but we only had the non-PI versions at our disposal in time to meet our editorial deadline.

We took the time to degree...

We took the time to degree the cams to ensure both were installed accurately. We wanted the two sides of the motor optimized for power production at different engine speeds.

Run on the engine dyno with...

Run on the engine dyno with our new TEA heads, Comp cams, and PI induction system, the modified Two-Valve motor produced 390 hp and 384 lb-ft of torque. Add a small shot of nitrous and you are looking at an easy 500 hp.

'97 4.6L Two-Valve W/Zex Nitrous...

'97 4.6L Two-Valve W/Zex Nitrous
It should be obvious from the supplied graphs that the stock 4.6L responded very well to CNC-ported heads, the Comp cams, and PI induction system. The ported PI heads not only improved airflow, but the static compression as well, thanks to a reduction in combustion chamber volume (the PI heads have smaller chambers that the non-PI versions). The Comp XE274H cams stepped up the cam timing significantly (0.500 lift and 236/240 duration at 0.050), while the late-model PI intake (with AccuFab 75mm throttle body) offered a substantial flow increase. The combination upped the power output of the early 4.6L Two-Valve from 266 hp and 341 lb-ft of torque to 390 hp and 384 lb-ft of torque. Torque production from the modified motor exceeded 350 lb-ft from 3,800 rpm to 5,800 rpm.