The idler arms are all C7ZA 3355 B cast in the rail of the idler. Everyone comes out the same. The difference is the machining of the centerlink end hole in idler.
The manual hole is a few thousands larger than the PS.
A power steering bushing will fall in the hole of a manual idler.
Can a manual idler be used for PS. Yes, create a shim that is the correct thickness to compensate the slop, press it in.
As far as the oblong hole---Who knows why Ford made all the changes back then, Remember it was the 60's where we had free love, free thinking, and LSD. Maybe some of the Ford engineers experimented?