No, if you are referring to the booster center peg that pushes into the master.
That only controls how much the peg is inserted into the master cylinder...and can vary only a bit before you punch through the seals...and mess up the master.
The brakes should be self adjusting or you can manually adjust the rears by backing up to about 25 km/h and stamping on the pedal...I've not needed to adjust the front disks ever...and I can't actually recall an adjustment on them unless they've changed things in the third generation Rangers...
If you've changed boosters you really need to be careful about what one you put on because they are not necessarily interchangeable or adjustable to accommodate the differences in pedal position and length of the push rod...although you could probably adapt one...
But it may be better to approach the problem from a different angle...like telling us what is wrong and maybe someone can offer a solution...if your brake pedal is spongey then it could be that you have a leak, an air bubble, or something has gone south for the winter and needs replacing.