No direct Ford or Lincoln competitor ever had a chance against Cadillac CTS-V or Dodge Charger 392/Hellcat, but this one was based on the Lincoln LS of the early 2000s.
The 5.0 is a derivative of the Ford 4.2 engine, but it's not a Coyote engine. This is, indeed, Ford's answer to those super-sedans. It's actually more of a British Lexus GS F.
Unlike the F10 BMW M5, which was advertised at "10" horsepower more, this car maintained the same power, as opposed to the German car which generally makes 60 hp more than claimed. Forget that, it can barely even keep up with the E60 M5.
Even after Ford sold Jaguar and Land Rover to Tata Motors, they still supply a few engines for them.