Honestly the only way Lightning makes any sense is if it's substantially cheaper than the regular f150, because it's substantially less useful. The ER is 300ish miles of range getting best case, so 150 towing. Any f150 you buy with the 36 gallon tank will do 700+ miles on a tank normally, so more like 350-400 towing.
The other problems with lightning is the interior is garbage vs the regular trucks, the brakes are woefully inadequate, they're new trucks that look like last gen trucks, and the resale is (predictably for an EV) crap.
Regarding the conspiracy theory... I tend to agree. But on the flip side, my recent experience with lawn equipment makes me consider it semi feasible. If you go to buy a mower, a basic self propelled model is $500 now. That's a bare bones, probably last you 3 years one. They'll have probably 3-4 gas mowers at the store, a $300 push one, the $500 self propelled, and then a really expensive one or two that I dunno who buys them. They'll have a whole section of electric ones, like 4-5 brands with multiple models each. You can get one that's top of the line with batteries and charger for $750-800, or one that's really close for $500-600 with batteries and chargers. And then you're in an ecosystem where you can get more tools for cheaper than you could get a gas version, and you can get bare tools way cheaper. You've got to have a very unique use case to need a gas mower, or be a real curmudgeon. The same isn't true for cars though, you have to have a unique situation for an EV only vehicle to work. It's not a big deal to slap a new battery in to finish mowing or edging, less so to slap a new battery in on a road trip.