You could take if off the console, and sand that area. Higher grit will leave a better finish...like 400. Then find a chrome vinyl, to wrap it with. It should come close to matching with a clean cut line.
https://www.amazon.com/TECKWRAP-Chrome-Silver-Adhesive-1ftx5ft/dp/B07CZCZ4MB
Depending on how high the coilovers are adjusted, you may reach the travel limits of the CV joints and just rip them out if you bot them out. Saw this more than once in the Toyota Tacoma forum. Not a pretty picture.
I would say that they are worried about the offset of your wheels being too positive. Being that the inside of the rim would rub the spindle somewhere. So I would start fishing around for the max amount of positive offset for 20" wheels that fit. That may be hard to find here as most have just...
I might try this first before a clay bar.
https://www.chemicalguys.com/products/clean-slate-wax-stripping-wash
Use this with a one time use only wash mit. It will be loaded with this crap when finished washing. Then follow with the clay to get the bigger spots that don't dissolve.
This will...
Why stop at the transmission? Find a totaled GT500 with everything. Make sure it runs and drives. Then take out all of the F150 motor, trans, harness, ETC.... Replace with the motor, trans, harness, ETC...from the GT500.
It will take a while. But it could be done.
I have a seal skin cover for my other car. It sits a lot and the cover works well. Top of the line model has a really soft covering inside. Even so, I still place flannel sheets over the car before I put on the cover.
But with you being in Florida. I might be looking at a vinyl carport, with...