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How about just using an old carb'd motor instead computers in F.I.. Any problems there?With a 2000 Ranger, best to use the Explorer computer/wiring/front dress and sensors. Any 302 can be converted. The 2000 4x4 is probably the easest one to do a swap in. The key is to use as much of the Explorer as you can.
Best to run thru this that is out of the tech library up top for all the things to watch for.
Dave - got one in the driveway, just waiting for the snow to melt.
http://www.therangerstation.com/tech_library/5_0_swap_in_newer_ranger.html