If the OD light is flashing then there should be a code stored. Your truck should be OBD I and you can either purchase a FORD OBD I code reader or using the link below, use an analog volt meter to obtain the codes. Then post back and we will see if we can help.
Troublcodes.net Trouble Codes OBD & OBD2 Trouble Codes and Technical info & Tool Store. By BAT Auto Technical
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1994 F-350 7.3 IDI Turbo, crew cab, E4OD,4:10 L/S, LB, Dually Photos
ATS Turbo upgrades: 3" DP with 3" exhaust Magnaflow XL muffler: Pictures Here
1997 Jayco 323RKS fifth wheel w/2 slides, Air Lift 5000 bags
Pillar pod: Autometer C2 Series gauges: pyro,trans, boost, water, oil pressure 
Hypermax Cowl induction, K&N air filter, flex-a-lite 26K trans cooler with fan,Tekonsha prodigy
Train Horns: Pictures here
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