If I just purchased a vehicle that was 10 years old I'd be out there under the hood changing the plugs, wires, caps, rotors, coil, fuel filter and anything else such as the air cleaner that I didn't know if it needed it or not.. I'd start her off fresh so I'd know when the next time she needed attention would be..
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Big JIm
No cap or rotor on a 4.0 and a coil is prohibitively expensive to
be replaced casually, as it's a "six pack" coil-pack assembly.
The LIKLIEST coil related problem with a 4.0 coil pack (or on other EDIS equipped Ford) is corrosion inside the high voltage terminal and most tool companies make a special brush to clean them out.
IF on startup you DO NOT see the "check engine" lamp light up
I'd first check the continuity path for the light bulb between
the lamp, power and the computer (The lamp is grounded
through the computer)
IF the Check engine lamp is simply removed from the instrument cluster the late EEC4 computers and ALL EEC5 computers will run the engine in "limited strategy" and create the symptoms observed all by itself.
Ditto for a light bulb that is simply burned out.
Likliest thing is that there was a check engine light lit for some inconsequential problem and someone removed the bulb to "hide"
the problem so they could sell the vehicle.
So the VERY first thing I'd do would be verify that there is a bulb
in the proper socket and that it's good.
AD