I see lots of 5.4's around here in Soccer Mom Excursion's but that's it. It makes anice price point for a massive kiddo hauler.
I wouldn't think of towing anything (unless it's a lawn wagon

) with a 5.4. A nieghbor has a SD in the CC LWB config that has a 5.4 Does fine but it's really thirsty and towing sucks. He said it jst felt like it was about to die trying to pull a small, light flatbed trailer down the HWY. He uses it for the room, not the power.
Of course you know what engine I'm going to recommend.

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2004 EDDIE BAUER EXCURSION, White, 4x4, 6.0 PSD
Eddie Bauer Premier, Trailer Tow Group, Cargo Group, DVD w/wireless, 3:73 LS, TC Skid Plate
Magnaflow Exhaust, Isspro gauges, V Code's, 285/75/16 Bridgestone Dueler Revo's