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1997 4.0l OHV Ranger?
Rangers had two different 4.0l engines is why I ask, 2001 and up used a different 4.0l SOHC engine
There is a mark on the cam gear and crank gear, they face each other for correct time, seen here:
https://f01.justanswer.com/ref/http_repairguide.autozone.com/znetrgs/repair_guide_content/en_us/images/0996b43f%2F80%2F21%2F18%2F5f%2Fsmall%2F0996b43f8021185f.jpg
So Crank gear mark at 12:00
Cam gear mark at 6:00
You know I have never checked this on a Ford V6, the cam sensor(distributor) alignment with gears at 6:00 and 12:00
On chevy's after you set this you need to turning the crank a full turn so both marks are at 12:00, then you can set distributor for #1 TDC power stroke, I think the Ford V8s were like that as well
So after gears are aligned and chain is on turn crank clock wise with finger in #1 spark plug hole, when finger starts to get pushed out, compression stroke, keep turn crank until its at 12:00 again
That's TDC #1 you want for cam sensor installation
Also let me know where cam gears mark is pointed, 6:00 or 12:00, has to be one or the other