Yes, as said the Ranger factory CAI already supplies 200% air flow so takes awhile to get filter dirty enough to effect performance
The "cone" type filters need to be cleaned regularly, just FYI
Many like the "sound" of 3rd party CAI
Ford CAI is quiet
But if you can "hear" air flowing that only means there is now more turbulence in that air flow, so..................
If a bolt-on part helps performance then Ford would have bolted it on, like when they added the CAI with fuel injection, lol, car makers SELL performance
If you run 91 octane in a 4.0l SOHC you will get better performance
The 4.0l SOHC runs 9.7:1 compression ratio, so WILL ping/knock on 87 octane, so it has a Knock Sensor that changes the spark timing to prevent knocking, this reduces power
If you run 91 octane then no reduced power