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I though about the same thing and did more than my fair share of research. My final decision was...I was going to get a decent size cooler from Derale (7X13 or something) and mount two Derale 7", 400CFM fans on it. But let me ask you this...are you doing some serious towing?? If not, then there's no need uless you just feel like spending the money. You're stock tranny will never get hot enough even in extreme driving conditions (minut towing) to be dangerous. On your body style truck, the cooler is getting some minimal air flow from the radiator fans already.
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'02 F150 XLT 4X4 SCrew. 5.4L
K&N FIPK/Amsoil Filter
Flowmaster 40 si/do Exhaust
305/70 16 GY MTR Kevlar
16X10 MB Motorsport wheels
4.10 Gears
Rancho 4" lift
Rancho 9000XL Pro Series Resi Shocks
Autometer Carbon Fiber Oil/Trans Temp Gauges
Carbon Fiber Interior ( www.dash-kit.com)
Peterson Fluid Sys. Remote Oil Filter
FTVB
Troyer Performance Electric Fans
Underdrive Pulleys
Amsoil Fluids Throughout
My SCrew'd Garage
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