Does the valving of the shocks just cause the noise or would it also contribute to the feeling something is loose coming through the steering wheel?
Obviously, I'd be a fool to "diagnose over the phone" on this issue, but it really DOES sound like the exact noise/feel that I, and so many others, experience.
As the saying goes, "When you hear hoof-beats, look for a Horse, not a Zebra." In other words, from everything you describe, I would rest assured that it's the FoxShocks NORMAL operation causing the noise and bumping feel. It messes with your head to make you think the whole front end is falling off UNTIL you realize everything is fine and normal.
---------- Post added at 09:36 AM ---------- Previous post was at 09:32 AM ----------
If you Google this code, you'll find a lot of other forums, including THIS one, have been discussing this issue for some time. Thought I'd repost the statement from FORD.
SSM 44421 - SVT RAPTOR - SHOCK ABSORBER NOISE OVER BUMPS
2010-2014 F-150 SVT RAPTOR VEHICLES ARE EQUIPPED WITH UNIQUE HIGH-PERFORMANCE FOX SHOCK ABSORBERS DESIGNED FOR SEVERE OFF-ROAD USE. SOME CUSTOMERS MAY BE CONCERNED WITH BOOM, CHIRP OR CLUNK NOISES FROM THE FRONT OR REAR SHOCK ABSORBERS MOST OFTEN HEARD OVER SMALL, SHARP BUMPS IN THE ROAD SUCH AS FROST HEAVES, POTHOLES, OR EXPANSION JOINTS. COLD AMBIENT TEMPERATURES CAN MAKE THE CONDITION MORE APPARENT. THIS IS A NORMAL CHARACTERISTIC ORIGINATING FROM THE HYDRAULIC MOTION OF THE FLUID AND INHERENT TO THE UNIQUE DESIGN OF THE SHOCK ABSORBERS. IT IS NOT CAUSED BY CONTACT OF ANY SUSPENSION COMPONENTS, NOR WILL THIS CONDITION HAVE ANY DETRIMENTAL EFFECT ON THE LIFE OF THE SHOCK ABSORBERS OR SUSPENSION. DO NOT ATTEMPT SERVICE TO CORRECT THIS NORMAL CONDITION.