Look on driver's door rear edge for the Build Label, then at the bottom under AXLE will be a Code Number
Go here to see what the code number means:
https://www.therangerstation.com/tech_library/axle_codes.shtml
Have a read here for the CPS:
https://www.therangerstation.com/tech_library/camshaft_position_sensor.shtml
You will get a code of P034"x" if cam sensor is too far off of crank sensor's TDC
Crank sensor is not adjustable so cam sensor is adjusted to be withing a few degrees of crank sensor, the computer can then do the fine tuning for best injector and spark timing
If you are not getting a P034x code then cam sensor is OK where it is
Ranger Cam sensors were changed from 3 wire(1998 and earlier) to 2 wire in 1999 and up, totally different sensors so not just 1 less wire, lol
Mentioning this because they look different inside as well when lining up the "tabs" without the tool