1994 was the last year for separate spark module(EDIS-6) and fuel module(the computer)
Yes, it reads like a fuel issue
There are 3 capacitors in the computer that will leak after 20+ years, easy to replace, and under $2 to fix
I would have a look in the computer
Look here:
http://www.auto-diagnostics.info/ford_eec_iv
The 3 Blue barrels are the capacitors that leak, they can be at different places on the board
Take pictures to get the uF and Volts for each, also orientation, they have a + and - direction
You can replace with higher Volt, i.e. 16v can be replaced with 50v or 100v, but uF must be the same
Blue or black case doesn't matter
Move each with finger, should be tight, obviously if you see discoloration under one then its leaking, but replace all 3 while you can, as they WILL LEAK, period