Just an FYI
Mercon V was designed to improve friction material stability, prevent
torque converter clutch chatter and lower overall operating
temperature, including shift temperature.
Ford transmissions that require Mercon V (much like Chrysler and Honda
transmissions that require HFM fluid) are part of an integral
transmission/transmission fluid calibration package.
The transmission has special friction materials that require Mercon V,
while the transfer case apparently does not and only needs Mercon.
>My tranny takes Mercon V, but for the transfer case the owners manual
>says regular Mercon.