85_Ranger4x4
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and if you are trying to contest that 1970 302 engines arnt well known to push out 280 to 290 ponys stock with a better carb you musnt know much about muscle cars my friend.
That is Gross, modern cars are rated Net... there is a difference.
SAE gross powerPrior to the 1972 model year, American automakers rated and advertised their engines in brake horsepower (bhp), frequently referred to as SAE gross horsepower, because it was measured in accord with the protocols defined in SAE standards J245 and J1995. As with other brake horsepower test protocols, SAE gross hp was measured using a stock test engine, generally running with few belt-driven accessories and sometimes fitted with long tube (test headers) in lieu of the OEM exhaust manifolds. The atmospheric correction standards for barometric pressure, humidity and temperature for testing were relatively idealistic.
SAE net powerIn the United States, the term bhp fell into disuse in 1971-72, as automakers began to quote power in terms of SAE net horsepower in accord with SAE standard J1349. Like SAE gross and other brake horsepower protocols, SAE Net hp is measured at the engine's crankshaft, and so does not account for transmission losses. However, the SAE net power testing protocol calls for standard production-type belt-driven accessories, air cleaner, emission controls, exhaust system, and other power-consuming accessories. This produces ratings in closer alignment with the power produced by the engine as it is actually configured and sold.
As far as the trans goes, chuck it and get one for a V8. Ranger transmissions wouldn't take a V8 even if you could get one to bolt to it.