Uh, the 4.6 has a bigger bore or longer stroke. You will have to change out the bottom end (block, crank, pistons, rods, etc) to upgrade to a 4.6.
If you want more power, you can have the cylinder heads rebuilt and tricked out. Also get a hotter camshaft and intake. Bigger injectors would be needed and a re-mapped ECU. Its been done and a sure way to put out more power.