I'm not saying you CANT put a GM block into a ford car. Put whatever in there that suits your needs. But, a 302 still weighs what an LSx weighs, so dont let that dissuade you. As far as money goes, an LSx is more powerful without modification than a 302, but, you are also paying a premium for that extra power. I can get used 302 or even 4.6 blocks for 400 and under. LSx motors are usually at a MUCH higher premium, so you can make up the cost difference between the two with a couple bolt ons and really end up with nearly the same kinda power. The difference between the LSx engines and 302 in the end is what you can do with basic bolt ons, in which the LSx beats the 302. But, like I said before, you are going to have just as much money into the LSx as you would a 302 to make the same power. So as far as I am concerned, either swap is equal in my eyes. One could say it is smart to put in the LSx cause with bolt ons you can beat a 302 with an equal amount of bolt ons.
I think the deciding factor for me would be the fact that it's easier to come by 5.0 donor cars. My little brother has a 5.0 cougar that he is never going to get running that I could get off of him if I had a car to do the swap into, had a new tranny, had the money to make the subframe, mounts, driveshaft, yadda yadda yadda. Course I would need a fuel tank too, a piggy back or stand-alone, custom rear end, front and rear suspension, and I would need to cut a tunnel for the transmission. Anyways, there is more, but most of you know that anyways, so I shall not continue. It would be an expensive swap. Even though almost everything that would need to be done is stuff I feel comfortable with doing myself.
BTW Fresca sucks