I assume you are out of emmission warranty? that would be 8/80K. w/ '97 you might be in for another couple of weeks depending on mileage, eh? no?
what was the reason to take it to Ford? MIL? if so, you have a problem w/ pre-cat not the main cat. as stated above, main cat is not controlled by PCM and so can not trigger MIL.
now, the cheapest way to fix precats is indeed to gut them. your problem is that it is strictly illegal and so you will have a hard time finding a shop to do that.