It is your car. I'm not paying you so my opinion is worth as much as you are paying me. That said why not. There can be associated costs.
If you have the computer from the Merc and the AOD is not computer controlled it is not brain surgery. An aftermarket
wiring harness would be very useful. It would be easier with a swap to a
carburetor and non-computer distributor. The AOD will need to be set for the throttle adjustment to work so that the trans does not "burn" up. If the transmission is computer controlled you would need a stand alone
wiring harness for it. The motor mounts for your Bird and the 302 are very different. You will need to fabricate or source frame side mounts for the Windsor engine. Likewise for a rear transmission mount. A new driveshaft will be needed so you can reuse the original with the re-installation of your Y-Block 312. The Thunderbird uses front engine mount and steady rests unlike Windsor mounts on the side of the block. There will be some associated wiring needed to connect car to engine.
Radiator shroud can be an issue as well as fan spacing. New or adapted exhaust system for
mufflers to engine exhaust manifolds. Of course everything will need to clear the steering system. You shifter will likely not be useful for the AOD. There are certainly other items you will encounter besides my list. Read that as more time and money. it is not a quick bolt-in The engines are form different engien families and different periods even though there is a time frame overlap of production.
All in all it is not impossible but it is a lot of work and cost for a temporary solution.
As a necessary caveat; if you do not have a
shop manual it is cheap for the information it contains. I usually tell people that if the
shop manual is too expensive then you probably can't afford the car. To own an old car you either need to do some of the work yourself or have a lot of spare money after finding someone who knows what do do on your car. It is expensive to allow someone to learn on your car, at your expense.