Quick answer, no
If your current transmission is a 4-speed then no Overdrive, if it is a 5-speed then it has Overdrive, Reverse is not a "speed"
Toyo Koygo, Mitsubishi FM145, or M5OD-R1 are transmission "Models"
Models denote what is inside the transmission, not what it will bolt to, fit.
That has to do with the bell housing and tail shaft of that Model of transmission.
Mitsubishi FM series had detachable bell housing so you could swap bell housing to fit engine bolt pattern
M5OD-R1 has an integrated bell housing so can not be changed, it is part of the case.
An M5OD-R1 from a 2.3l engine will not bolt to a 2.8l engine
4cyl 2.3l, 2.5l 2001 and older have same transmission bolt pattern.
2.3l 2001 and newer do not
3.0l engines have unique bolt pattern so do not match any other engines
2.8l, 2.9l and 4.0l engines all have the same transmission bolt pattern, so transmissions can be swapped.
2WD or 4x4 also must be the same, they have different tail shafts
Your 1984 2.8l will have detachable bell housing on transmission so you can use that same transmission model from from pretty much any other Ranger, just swap bell housings, matching 2WD or 4x4 of course
To use an M5OD-R1 you need one from a 2.9l or 4.0l engine, and 2WD or 4x4 matching yours.
Also 1997 or earlier, they still had speedometer cable hook up which you need on the 1984
M5OD-R2 are bigger, used in full size Ford F-series trucks, like F-150 and F250, and will not fit your 2.8l