Originally posted by 1974: ..Does this code have any significance as far as a potential future problem?
Pre-cats are gone. If the codes show up, car goes into the limp mode, i.e., lower gas mileage, lower performance. If your SVT still passes the smog emissions (and is out of the emissions warranty), then just install mileliminators to fool the PCM into thinking the pre-cats are working fine. If you are within the 8 year/80k mile federal emissions warranty period, send it to Ford to get it fixed.