I've done lots of wrenching over the years but this is my first Ranger. I had to pull my 5 speed a few weeks ago to fix a bad oil leak in the back of the engine (not the seal, either, strangely enuf) - ANYWAY
I bought a relatively inexpensive manual (use a 1/2" drive ratchet to operate it) light duty trans jack out of Harbor Freight (about $65 if I recall) and that was SO well worth it!
On that slave hose, just in case you hadn't been exposed to that before, there's a little white plastic ring or collar around the connection to the slave cyl just outside of the bellhousing. That needs to be pushed in to release the connection. There's a little tool that comes with new slave cyl's that's sort of like a miniature tuning fork, but it can be done with anything that pushes more or less evently on opposite sides of it. You have to push in fairly hard and then pull on the hose fairly hard with that collar pushed in.
There's only about 13 or so bolts to get the trans out (3 on ea side of the motor to the bellhousing, 3 on the starter, 2 for the trans mount, 2 for the mount crossmember), plus the 4 on the driveshaft (you need a good quality 12 point socket or wrench for those), and the engine pretty much balances by itself with the trans unhooked. Remove the shifter stick from the peg out of the top of the trans first, 1 bolt. The top bolts on the motor to bellhousing are hard to get to. I took the easy way out and cut a big enuf chunk out of the plastic inner fender at the top rear of the shock mount bracket to get my arm in there, then it was simple!
Take a good look at your pilot bearing in the end of the crank, best to replace it - mine was totally gone at only 80k miles - I had to get a cheap inside bearing puller (Harbor Freight again) to get it out, screwed around nearly 2 hours before I broke down and got that tool. Put the new bearing in the freezer overnite before you install it and it will tap right in real easy. Cold shrinks it a little.
Good luck! It isn't all that bad - get the truck up on jack stands so you have room to work. First time for me I had it out in under 2 hours, incl jacking the truck up. And I'm 65!