1986 to 1997 Rangers used 30-40psi with engine running
1998-2011 used 50-60psi
27psi shouldn't cause any running issue for an 1986 to 1997 Ranger, it would cause issues for 1998-2011
Raise RPMs to about 2,000 and hold it there, and watch pressure, if its slowly dropping then there is an issue
Turn off engine
Have some one cycle key on and off while you watch the pressure
Each key on and off should raise the pressure by 10psi or so, until it gets just above 40psi and it will not go higher
The Fuel Pressure Regulator(FPR) on the engine is set for 43psi, so it should not go much above 40psi, if the FPR is working OK
FPR has a Fuel line AND a vacuum line attached check the vacuum line for gasoline, replace FPR if gas is found, its leaking
Each time you turn on the key the computer runs the fuel pump for 2 seconds, and 2 seconds only, but it does this EACH TIME you turn the key from off to on, that's why you need to cycle the key on and off