I have herd that if you use synthetic trany fluid in your manual 5 speed it's better than using 90w gear oil. Is this true?
Look under the Ranger at the bottom of the transmission
If you see a detachable plate/pan then its a Toyo Kogyo 5-speed and uses/needs gear oil, regular or synthetic, but gear oil
If you do not see a removable plate/pan then you have an M5OD-R1 5-speed, 1988 was first year for these in Ranger 2WDs
They do use ATF(automatic transmission fluid), Mercon V was spec, you can use synthetic equivalent if you want
Some like it, some don't, its your truck so you decide
M5R1 only holds 2.8 quarts bone dry, so usually only takes just over 2 quarts on drain and refill
And yes regular and synthetic CAN be mixed, so you don't have to get every last drop out when draining and switching fluid types