Because we are cheap, lazy or both.
The BW1354 shaft installs from the front of the 4R70W. So you will need to pull everything out of transmission - pump, gears, clutches, etc to remove the existing output shaft and replace with the one for Ranger transfer case. It's OK, if you were planning on rebuilding the transmission anyways, but it is a lot of work if you have a good transmission. And a lot of people are intimidated/don't have tools to rebuild an automatic.
Note: Swapping the transmission to transfer case housing is child's play, so I am discounting the requirement to do that.
The Advance Adapters sells the shaft for ~$600 US with availability occasionally being sketchy. $1k Cdn after purchase, shipping, duty made me look into other solutions.
And ya, the 31 spline input shaft/34 (BW1356) or 39 (BW4406) tooth gears of F-150 case are substantially stronger than the 25 splines/24 tooth gears of the Ranger case. And the BW4406 can be found in electric shift models that basically bolt/wire in (look for Expeditions of same vintage as your Ranger), if you don't want to cut the floor up. The BW4406 is also only 14.5mm (~9/16") wider center to center than BW1350/4, so fits between frame rails a lot nicer than BW1356.