A few people have done the 3V 5.4 swap, most were a long long time ago (Flapjack's, Kuro's etc). Many made videos on Youtube, search that too. The big issue is the intake manifold. The options are to stick with the very-restrictive long runner F150 intake or pay for a custom sheet metal manifold. In every case I can recall, they went with custom.
IMO, it isn't worth the trouble if you aren't going to modify the hell out of it (meaning, a stock F150 5.4 isn't going to out-perform a 4.6). The 4.6 is lighter and provides a lot of ways to make easy power. Swaps are easy in this chassis, but I always find a thing or 2 that need fabrication (intake, headers, etc).