Pros: Easy to lube.
Cons: None.
As I recall, the front bushings are not grease-able and cannot be modified to make them so. They will have to be replaced with a grease-able bushing and bracket. The OEM front end link bushings are urethane, I believe.
<a href="http://energysuspension.com/products/Sway-Bar-End-Link-Bushings.html" target="_blank">Energy Suspension Sway Bar & End Link Bushings</a>
<a href="http://www.mysporttrac.com/mysporttrac/projects/GreasableFrontBushings/GreasableFrontBushings.htm" target="_blank">Greasable Front Sway Bar Bushings</a>
I believe the rear anti-sway bar bushings are rubber and also cannot be modified to be grease-able. You might as well replace them with grease-able urethane bushings and brackets. You'll have to verify whether your rear end link bushings are urethane; if they are, you're good. If they aren't, the redesigned OEM rear links are.
<a href="http://www.mysporttrac.com/MySportTrac/projects/SwayBarEndLinks/RearSwayBarEndlinksReplacementProject.htm" target="_blank">Rear Sway Bar End Link Replacement</a>
I followed Todd Z's project to add a grease ("zerk") fitting to the OEM rear anti-sway bar bushing brackets and add used the grease-able bushing that came with the Explorer Express bar.
<a href="http://www.mysporttrac.com/mysporttrac/projects/GreasableEEBushings/GreasableEEBushings.htm" target="_blank">Greasable EE Sway Bar Bushings</a>
Depending on your driving style and desire, consider replacing the rear anti-sway bar with one that's stiffer. If it's a 2WD, I highly recommend this; if a 4WD, there's a trade-off.
Explorer Express has a good rear anti-sway bar ans has Energy Suspension bushings, too. Part number: ZD5622. Bar is 1.125 dia. with Energy Suspension poly bushings.
<a href="http://www.explorerexpress.com/swaybars-0105-sport-trac-xspec-rear-sway-p-574.html" target="_balnk">Swaybars 01-05 Sport Trac X-Spec rear sway bar</a>