On 5 speed Fords of that year model there were two different clutch slave cylinder configurations. The gas trucks had an internal slave cylinder which you had to pull the tranny to replace, pos. All diesels from those approximate years that I've owned/worked on had external slave cylinders. There is a bleeder screw on top of the slave cylinder, takes a small allen wrench and a mirror to find where to put it. Fill up your reservoir, cap it off and pump the pedal manually by hand, pulling it up each time til you build some resistance. Have an assistant, or a 2x4, hold the pedal to the floor and release the pressure on the slave with the allen. After the pressure is released tighten the plug and repeat. IF your components are in working order this will bleed them. Ford will tell you the components must be replaced as a unit, but each piece can be replaced individually by knocking out the roll pin connecting the line to each cylinder.
On a different note, those year model trucks are prone to break the firewall next to where the clutch master cylinder is attached, giving you the appearance of a faulty clutch. My '87 did that once, new clutch and master cylinder before I figured it out. Have someone sit inside and work the pedal in and out while you look inside the engine bay near the master cyl. If the firewall flexes it's cracked. The plug welds where the two panels overlap fail, you can weld the seams with a mig welder. Just be careful, when I welded mine I looked up and the inside of the truck was full of smoke. Seems the firewall interior insulation is not fireproof by any means...
One other thing to check is where the master cylinder rod attaches to the clutch pedal bell crank, it's on the other side of the brake pedal close to the accelerator. There's a bushing on the stud where the rod attaches, it wears out and the stud on your clutch pedal arm wears to the point your cylinder rod will not stay attached any more. There are kits available online which replaces the stud and eyelet with a heim joint setup, about 40 bucks.