Yes, but not without some modifications to the Falcon. The shock towers need to be notched and other modifications made within the engine compartment.
For the full story on putting a 312 Mercury into a '60 Falcon sedan, see "The Falcon Gets a V8," Hot Rod Magazine, July 1960: http://smg.Photobucket.com/albums/v485/conwi1wd/Falcon%20Y-block%20Swap/
-Dave Not quite. The 1960 falcon is a very different car from the 62. From 62 onward the Falcon, Fairlane and Galaxies were established, replacing different trim lines of Full size Fords. A '60 Falcon can take a Y-Block because it is very close to the '60s cars that came with a Y-block, and not so much like the '62.
It is doable, relatively easy too. But watch out for '60 and '61 swaps, they are not exactly the same car as a '62+.
-Flying Jester
Also, Falcons are a lot different in South America, they can easily take Y-Blocks in some years.
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The 1st one is on the passenger side standing in front of the motor.
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18
( 1 - 5 - 4 - 8 - 6 - 3 - 7 - 2 ) for the Ford 292 cubic inch V8 " Y " block
The 292 CID with 193 HP.
17 or 18 thousands your choice
According to one of Fords websites : For a 1963 Ford F-100 with the 4.8 liter / 292 cubic inch eight cylinder engine : ( .030 inch spark plug gap )
Breaker Gap, Inch: .015
10 ft-lbs. and no more.
I believe it's 292
95 ft. lbs.