Update
OK so i've got most all the parts together to do the swap, and in the process have learned some new stuff that may help anyone else considering the same kind of retrofit.
for clarity I'm removing the TK5 trans from my 1987 2.3L 2WD standard cab longbed and replacing it with a N.O.S. M50D-R1 for '95-02(?) (yeah, i got a brand new one off the shelf of a closed dealership!! and that's an epic story involving magic and angels).
- the overall length of the TK5 and M50D-R1 are IDENTICAL at 31.25in. I found a webpage listing the M5R1 as 29.25 but i'm thinking that's maybe a 4x4 version w/ no transfer case. This 2wd M5R1 in my hands is absolutely 31.25in. from bellhousing to output shaft, so there is no need for me to shorten my drive shaft! woohooo!!! however,......
- the slip yolk splines are different. the TK5 has one weird double width spline and a slightly smaller diameter than the M5R1, so I'll need at least a yolk, but i found a whole driveshaft off a '96 std cab longbed 2.3L manual (wheelbase was the same until '97) so it should drop right in, if not i'll swap out the yolk. The U-joints are the same if you were wondering, though it looks like ext cab driveshafts use different u-joints, go figure.
- the input shafts are supposedly the same, so Clutch, pressure plate, flywheel, Pilot bearing should all interchange (gonna replace pilot bearing anyhow), we will find out. . . .
- After researching, hunting, measuring and discussing the Clutch S&M situation the solution has been found. a complete '94 (and only '94) S&M pre-bled kit will drop right in.
Here is the deal on that: in '94 and older the Master will bolt up to to the firewall in my '87, but '95 and newer use a different mount style altogether. The '94 and newer slave will work with the trans/clutch, but '93 and older slaves are a different part. It may just be the hose connector is different, i'm not sure. So, I *MAY* be able to use any 88-94 complete kit if the only difference in Slaves is the hose connector, but I KNOW that the '94 slave will work and I know the '94 master will bolt right to the firewall so i'm going with that year specifically.
- the rubber mount is different but the crossmember is the same so, ~$10 for a new rubbermount, old one is looking abit sad anyhow. just eyeball guessing it looks like Adsm08 is right about having to move the crossmember mounting tabs to the further back position. I forgot to measure that the other day when i was under the truck, but no biggie either way. . . . .
- Speedo: my 87 uses a mechanical cable and I'm not sure if it'll work properly but the my M5R1 has a gear on the outputshaft where the VSS would mount. my speedo cable mount housing and gear looks like its all the same dimensions as later VSS and might bolt right up and work like new money (see the Speedo Tech article in the "interior electronic" section here on RangerStation, thanks for the tip RonD). If this doesn't work I suppose i'll convert to electronic speedo at some point.
- Starter: i'm also unsure of this but the mounting bolts appear to be identical and since i'm using my existing flywheel my current starter should work with no problem.
- shifter location is definitely different. gonna see if i can rip a correct tunnel cover out of a junkyard and just swap them. If not, a quick cut and fab job will be in order (hell that would be quicker & easier than dicking off at a JY and swapping out the tunnel covers but i like to use the right stuff instead of modifying if i can, ehh)
- Backup switch is the same.
I think that about covers it. Thank you guys for the great site full of resources and knowledgeable folks! I'm gonna do a full Pictorial and write-up of the Swap when I do it in about 2 weeks, you know for posterity and all. . .