Yes, those codes are for a too lean condition on bank #1 and #2.
This can be caused by:
1. weak fuel pump pressure;
2. fuel filter partially plugged;
3. fuel regulator faulty and reducing available fuel pressure;
4. PCV hose damaged/leaking;
5. other vacuum leak;
6. Sticking Idle Air Control (IAC) valve;
7. intake manifold gaskets leaking.
From all the symptoms it sounds like a weak fuel pump that is overheating. This could be aggravated by a blocked filter. If you don't know when the filter was changed (should be annual) then change it now. The fuel rail has a schrader valve where the fuel pressure can be checked with a gauge. It would be very dangerous to just press the center pin to see if there is any pressure since it is supposed to be about 40 psi..
The fuel regulator has a vacuum connection that reduces fuel pressure under high vacuum (idle). Remove the vacuum line and plug it, to see if the performance improves.
If the fuel pressure is good and consistent then look for vacuum leaks. The PCV is a prime target here. Replace the PCV valve if you cannot hear the balls inside when shaken. Check the PCV hose carefully for any damage and cracks by bending it. This is very special hose so do not substitute. Bend all vacuum hoses to see if rubber is cracked, replace if it is. Check for loose connections to fittings.
The idle speed is controlled by the IAC and it can be sticky. Try removing the electrical connection to see if engine stalls. If it does then not likely a vacuum leak or gasket leak. The IAC is the round bodied device attached to the throttle body. Remove it and clean the body with throttle body cleaner. Ford recommends replacement and not cleaning, but your symptoms don't match a typically faulty IAC where engine speed goes up and down significantly.
Hope this helps.
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Art
2000 Taurus SEL Wagon 3.0 Vulcan (daily driver)
1993 Taurus GL Wagon 3.8 Essex
1991 Mercury Grand Marquis LS 5.0
1986 Chevrolet 3/4 ton pickup 4x4 350 with turbo400 and 208 transfer case
1978 Chevrolet 3/4 ton pickup 4x4 custom 6.2 na diesel with turbo400 and 203 transfer case
Planning 2008 Taurus X in a year
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