And now the bad news....
The Ronin valve (~$80 pre discount) is a spring loaded "closed-at-rest" valve which screws into the pan's hole.
You thread a SEPARATE PIECE into it after removing the dust cap to press against its spring and allow oil flow.
It all'll boil down to the separate piece which you can easily misplace.
So kind of like the old Fram Sure Drain?
Looked at the current F150 drain, looks like a horrible design. Why fix something that is not broken?
After doing a little reading on the Ford F1 50 forums, it seems that the Fumoto once installed, drips on exactly the same place as the factory opening does. It's simply a bad design, and you need some kind of hose with the Ronin to direct the flow.
Fumoto makes a drain with a nipple that you can attach a hose to.