Can I put 16 in. wheels from a 1988 Mark V1 225/60-16 on a 1992 Town car 215/70-15 ??

Hmmmmm. Not too sure what the Mark wheels will do, but for sure the 95 thru 97 Town Car 16" will fit. They make a nice upgrade.

They will fit but you'll need spacers or they will look rather deep in the wheel wells.