Better than it did when I bought it!
I've got no noticeable steering play, just some "sidewall flex" (I got rid of the stock steering shaft and rag joint, and the box is properly adjusted). I have the ORD bolt-in steering box/frame reinforcer (which helped a LOT). It has 3/4 ton leaf springs. I run the stock 1.25" front sway bar, and added poly bar bushings to reduce body roll. New gas shocks and stabilizer, all ball joints and other suspension/steering components within spec.
That being said, it drives like a big, very short-wheelbase, straight-front-axle 4x4 truck. Rides like a buckboard, really bouncy without a load, but much smoother with 3 adult passengers and a few hundred pounds of cargo. It's a ton of fun to drive, although driving one of these is more "work" than something like a longbed IFS truck.
It's kind of like a lively horse, in that it feels as if it might toss you if you weren't a good rider with a firm hand.
For long road trips, there's always the Crown Vic.