Which ever is easier, pull the cluster or pull the radio to get to GEM
Yes, 2 wires on transfer case, 1 wire will be grounded in 4high, and the other wire will be grounded in 4low, you will need to test which is which
And run 2 wires from the switch into the cab.
If the 2000 Ranger still has the 8 wire connector for electric shift motor, by the transfer case, you could high jack 2 of those wires.
5 of them run to the GEM, and 2 to the 4x4 relay box behind the GEM
EDIT
Found this write up:
https://www.explorerforum.com/forums/index.php?threads/convert-v8-awd-to-bw-4406-manual-shift-a-how-to-thread.166726/
Post #18 details what you want to do, with pictures
According to this post one wire is grounded in 4high, and BOTH are grounded in 4low so both lights would be on in 4low, I don't think that's an issue but the poster does detail how to add a relay so just the 4low light comes on in 4low
But it could be his switch was bad because I thought only 1 wire was grounded at a time