At first I shrugged off the smell ,thought it was diesel fuel that drips from my fuel tank (slow weepy leak) that might have got blown onto the exhaust pipe,or just exhaust fumes from the old 6.2--it stinks like burning tar ,whatever it is they sell for diesel now..,but after I tried touching the front hubs,it was clearly evident the RF caliper was dragging,and the burnt pad smell was strong there..(I bet the wheel bearing grease is probably adversely affected by the heat now too)..

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The outer pad is worn nearly down to the rivets,inner one is much thicker still...outer rotor surface is much thinner than the inner too,so its been dragging some for awhile probably..
I can drive the truck many miles on back roads that dont have stop signs every mile or less,and the bumpier roads probably help shove the caliper piston back in--its city driving where your applying the brakes nearly constantly they never get to release fully that they drag the most and start heating up..
I've pulled the caliper bolts off in the past and wire wheeled them in the past,applied never-seize,that stopped it for awhile,but I doubt I'll be so lucky this time--I think the caliper is just old and probably rusty inside,or a rubber hose is "check valving" the fluid..I did replace the calipers but it was back when I first got the truck on the road,around 2004..(they doubled in price since then too!--I paid $12 each exchanged at Autozone then,now they are $25)..