Welcome to TRS
Bookmark this page:
https://www.therangerstation.com/tech_library/index.shtml
On above page click on "Engines...." section
Look at Turbo section, some good reading to maybe answer some questions you have right off the bat
But feel free to ask more question
And yes, several members here have added turbos to the 2.3l Lima engine, I am not one however
You have a 2.3l SOHC Lima engine, AKA "Pinto" engine, first used in a Ford Pinto in 1974, last used in a 1997 Ranger
But in 1998-2001 Rangers, Ford "stroked" the 2.3l to make it a 2.5l SOHC
The Lima engines are very reliable, "built like a tank", but because of this they did have a lower power to weight ratio
And because of this they are a good candidate for a turbo
In mid-2001 Rangers got a 2.3l DOHC Duratec engine, no relation to the 2.3l Lima, but it can be confusing if you do a search using "Ranger 2.3l"....................because there were two different 2.3l engines used in Rangers