[kwilford]

I'm with GTJim. I follow the factory procedure and drop it out the bottom. You need to lift the body 24 inches off the ground at the front jack point , and 22 inches at the rear jack point (with four TALL jack stands). Kind of like this (by the way, the engine is just being "stored" above the car, while I rebuilt the front suspension and paint the engine compartment. And paint the bathroom, install new hardwood and all the other stuff that is keeping me from finishing the GT).
You can use an engine hoist (I happen to have one slung from a trolley on a ceiling beam), but a transmission jack can probably be made to work. But you will have to lift the car higher to make up for the height of the jack.
This has been discussed ad nauseum in several other threads, so have a look around. There are as many ways to do this as there are GT owners!