The F-16 is currently used by the USAF Air Demonstration squadron, the Thunderbirds, while a small number of both man-rated and non-man-rated F-4 Phantom II are retained as QF-4 aircraft for use as Full Scale Aerial Targets (FSAT) or as part of the USAF Heritage Flight program.
What kind of aircraft is utilized by the USAF in Full Scale Aerial Targets?
F-4 Phantom II