Butch:The passenger car and truck/T-Bird covers differ only in that the truck/Bird cover's lower bolt holes have taller bosses where the front engine mount bolts. They can be used on passenger cars by using longer bolts. The '54s used a smaller water pump, so the casting is different in that area. I believe the fuel pump mounting is also different on the '54 cover. Some trucks used a water pump with an extended flange at the top to mount the cooling fan higher because the engine sat lower than the radiator. The fan was mounted on a ball bearing shaft and driven by a separate belt. The factory power steering mount mounted to the upper left water pump bolt and the boss on the pump inlet above the lower hose. It has a pipe plug in it if there is no PS pump bracket. Also, there are aluminum timing covers and water pumps available now.
John