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the manuals call for Mercron V on any M50D transmissioin.....the only difference on the internals in the M50D-R1 that was installed in the '00 and older Rangers and the M50D-R1HD that was installed in the '01+ Rangers is the gearing....If this is for the '93 in your profile, it's Mercon ATF regardless of what trans you got (be sure it's "Mercon" (or Mercon/Dextron III) and not "Mercon V" or any variant like that, the 5-speeds don't shift well on Mercon V unless they call for it ('98up IIRC)).
Edit, takes about 2.75 qts.
the manuals call for Mercron V on any M50D transmissioin.....the only difference on the internals in the M50D-R1 that was installed in the '00 and older Rangers and the M50D-R1HD that was installed in the '01+ Rangers is the gearing....
Umm, no...
Go look at the manuals for real (I just went and did myself), they all call for "Mercon" (Ford spec XT-2-QDX) in manual transmissions all the way up until this year's model (2008). The AUTOS started calling for Merc V in '97 (XT-5-QM).
Ford doesn't license regular Mercon anymore and they say that Mercon V is now suitable for all applications that used to call for regular Mercon.