It is very hard to beat a GM 3800. One can substitute bacon grease for oil and the engine wouldn't miss a beat.
I would agree; the engine is very reliable. I've not owned one, but I know people who have, and they are quite impressive. I drove one as a rental car many years ago. Quiet, and reasonably powerful.
... that Bonneville/ Park Avenue will be significantly more fuel efficient, dependable, and safer on wet roads than a Crown Vic.
I would agree the 3800 is going to be a bit more fuel efficient, but I would disagree that it will be more dependable or safer on "wet" roads.
The entire LE world used Panther cars for a couple of decades as pursuit vehicles; not so the FWD GM chassis. The entire taxi world took those used Panther cars after buying them at auctions, and then put another 200k-400k miles on them with minimal investments; not so the FWD GM chassis. The sheer number of Panthers used in very demanding service FAR, FAR exceeds any 3800 powered GM FWD chassis. One cannot fairly ignore this fact.
- The 4.6L 2v is a stalwart in reliability; it, too, cares not what lube is used as long as it's a reasonably chosen oil. (I would put the 3800 and 4.6L on a par).
- The 4R70/75W trans is very robust, and should it ever need to be rebuilt (unlikely), is FAR easier to remove and FAR cheaper to rebuild than a FWD trans. The advantage here has to go to the Panther.
- The 8.8" diff in the Fords is renowned for its durability; it's been called the modern version of the old GM 12-bolt (though nothing touches a Ford 9" ...). Again, the Panther has the advantage here, as it likely would never need a rebuild, but if it did, it can be done in-car and quickly.
As for being "safer" on wet roads, this is open for interpretation. (I don't know why a civilian would be driving so fast as to push the limits in rain anyway, but you brought it up so I'll address it .....) The Panther actually drives better being a RWD car; it won't "push" as bad in a corner as a FWD car being driven at the limits. I've owned/driven a lot of Panthers in my personal and professional life; there's nothing wrong with a Panther's handling when roads are wet. I've driven faster than most in all manner of inclement weather and a Panther does well. About the only time I'd give a nod to the FWD would be snow; it's got a bit more grip at the drive wheels, all other things being equal.