Thanks for the input fellas. It seems there are a lot of opinions both pro and con. I found this on the Ford diesel forum too. seems there are some who have been burning the stuff for a while without problems. Below is one of them.
Noodles

http://www.ford-trucks.com/forums/365995-kerosene-versus-diesel-fuel.html

Join Date: Sep 2004
Location: Bakersfield Ca.
Posts: 591
fixnair is starting off with a positive reputation.
Steve, technically you can burn any petroleum product you can pump through the hose/tube network. I regularily burn 20 wt, hydraulic oil. ATF and even synthetic hydraulic oil in my '02 F350 PSD. I have an abundant supply of the used stuff available. I have also installed a filter upstream of the switching valve to protect my system from any dirt that may get into the tank and I only fill my front tank with lube oil.

I do not notice any difference in running lube oil. There is no smoke, odor and my mileage is the same as on diesel.