I had a 1991 Ford Explorer and a 1998 Mercury Mountaineer. The explorer had the standard 4 litre v6, and the mountaineer had a 5 litre v8. I had upgraded from the v6 to the v8 thinking it would have more oomph for towing. However, I found that the v8 had not a heck of a lot more power, and, being the same size/wheelbase, there was no improvement in stability of the towing platform. All in all, I think the explorer would make a decent tow vehicle for you.
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