Nice find!
My older brother used to have a 54 Victoria, he actually found it in a junk yard in Veradale, Washington, running, without body damage. He was looking for parts for his 51 ford sedan, and he came across it.
I am not sure if memory serves me or not, but I believe he told me it was the same cubic inch, as his flat head in his 51(239ci), except it was the first year for overhead valves, and also the first year for 12 volt electrical system.
His 54 Victoria was green and white, did not have the glass in the roof, or the fender skirts. He did have a second hood that he aquired later on, that had a glass window in it.
I cannot remember exactly what happened to his old Fords, I was about 13 or 14 years old when he went off to Vietnam in 68. I am sure he would like to have them back now.
I'll bet your wife is a very pleased individual, good job! Sure stirred up some memories with the pictures, Thank you.