My cousins 2009 AWD Mazda Speed3 has a 269bhp turbo 4-cylinder and a 6-speed gearbox. It gets 31mpg highway and is faster than a bat out of hell. In fact, it's power-to-weight ratio is astounding. It's gunmetal gray, has 18's with lo-profile tires, and a Bose Stereo. It's also $10,000 cheaper than any other car in it's class; It will go toe-to-toe with a new Boxter. And It's under 24k.
It was more fun in the corners than a Fiat X-19, Got better mileage than a VW Rabbit pickup, had more power than a Corvette, and handled rough terrain better than any AMC Eagle; which I had (and fixed) as a pizza delivery car in the Midwest.
ALL new cars are not "crap".
Regarding the truck being fast...
Having owned (and still own pieces of, technically) a 1978 Ford F Series; I am very familiar with your vehicle. I have replaced virtually every part on that 351 Modified engine, and have swapped a front clip, bed, and the entire cooling system. The shop I used to work for completely redid a 1979 Longbed for a customer, and installed a bored/stroked 351 Cleveland in the place of the original 351M. Due to it's hideous gas mileage, engine issues (rings, valves) and extensive cab rot (12 city, 16 Highway), I sold my 78 as a parts vehicle for the customer's project. The original motor was good for pulling stumps, and geared low with a 4-speed granny gear, (3.93 gears if I remember correctly) but it was a dog in the straight line. And the Quadrajet had a stove-choke that I rebuilt twice because the parts just disintegrated. I was glad to be rid of it after it started popping freeze plugs every month or so.
After we finished the newly redone 1979 Truck, the owner of the shop commented to me "He's got $15,000 into this truck before paint, and my daily driver can beat it off the line."
He then added a $10,000 paint job, air bags and 20" rims. The damn thing looks like a graffiti wall. He could've bought a Speed3 for that price, which I would drive in a heartbeat, but it really is what you like. How sentimental it is to you, and what you want out of a vehicle.
But I'll tell you dude, from experience, that truck ain't fast. It may be relative to what you have driven in the past, but it's no drag vehicle.