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F-150 intake is too tall for Ranger engine bay, so you will need to use a different intake, 302 carb intake or Explorer V8 intake
1994 Manual trans(M5OD-R2) has the shifter farther forward than Ranger so you will need to cut a new hole in the floor pan and make a custom bent shifter to clear the dash.
Transfer case will fit but you will have to move motor/trans/transfer case over about 1/2-3/4", or cut frame rail
4WD conversion is harder
If you want to stay with 2WD then find a 1997 or later M5OD-R2 2WD, 1997 and up have shifter in the same place as Rangers M5OD-R1, well within 2" of the same place
But speedometer hook up will be an issue
1995/6 and up Ford trucks used electronic speedometers, 1993 dash uses speedo cable, if you keep 1994 transfer case then you will still have speedo cable hook up on transfer case