P207F Ford Cougar shows up when there's an electrical problem that causes the fuel volume regulator to malfunction and open. It's quite an unusual problem and likely intermittent. Any code that causes the vehicle's engine to die while running should be fixed as soon as possible, as it can be dangerous for both the vehicle and the passengers of the vehicle.
Possible Causes :
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With the valve disconnected, the red voltmeter lead should be attached to the IMRC valve power wire and the black voltmeter lead connected to ground. Pack the connector cavity with dielectric silicone compound (same stuff they use for light bulb sockets and spark plug wires) and reassemble.
Diagnostic trouble code P207F Ford Cougar is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before P207F Ford Cougar.
Fortunately, P207F Ford Cougar is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.