The problem:
A dead fuel pump.
Cost:
$470 fuel pump $20 fuel filter $165 labor to diagnose and remedy
Apparently, the diagnosis was pretty simple: a quick check of fuel rail revealed ZERO pressure, and a code scan revealed something about high resistance in the fuel pump circuit. It took the tech all of 15 minutes to diagnose the problem, and about an hour to remedy it. Money well spent, IMO. Pat yourself on the back Jim; you were right.
He used a $5000 code scanner which apparently does a much more through job of grabbing obscure codes than my $300 Actron scantool. He was even able to access logs detailing my attempts to obtain DTC's. His exact words: "You get what you pay for."
My only puzzlement is the cost of a new Ford fuel pump. I'm tempted to call a Ford parts buddy of mine and ask what these really cost to determine the markup. But my alter-ego says forget it: I deliberately took the car to a local, independent repair shop because I wanted the money to benefit the little guy who's just trying to make an honest buck and put food on his table, in a town surrounded by large, national repair outfits who don't care if the customer lives or dies. I'll probably never make that call. I'm not the guy who says he loves America, yet drives a foreign car. And I paid him with CASH: not one penny of his hard-earned profits went to VISA International or American Express. This also displayed my trust and confidence in the quality of his work. Damn few people think far enough ahead to treat their mechanic with this much respect. I do wish more people did, however. Food for thought.
Charlene now runs as good as new. Something mentioned to me regarding fuel pumps may be of interest to the group: they often die a premature death from clogged fuel filters, constantly running on less than 1/4 tank, and from running out of fuel entirely. None of this applied to Charlene, but it's something for other Mustang owners to think about.
-JD