If you are sending the 3.0 block/crank to the machine shop and want some more power, ideas to consider:
No replacement for displacement.
Bore out to 3.552 (4.6 pistons)
Offset grind crank for 2.000" rod bearings (stroke becomes 3.402")
Above combination uses 5.7" Chev SB rods with early bearings.
Makes your 3.0 into a 3.3l; 10% more power is not to be knocked.
Things to consider:
My '98 Ranger 3.0 had a 60 lph pump. Using 3.785 liters/gallon; 6.009lb/gallon; derating pump to 90% capacity (Ford's recommendation for age/wear/tolerances); 0.5lb fuel/hp/hr (stoichiometric) , means the stock pump can only support a 171hp engine.
The 3.0 also only had 14lb injectors. Derated to 85% (Ford's recommendation so injector seats properly before next injection cycle), multiplied by 6, using same .5lb fuel/hp/hr says the injectors only support 143hp. Before you say WTF, my 3.0 was rated at 150hp; the pump was rated at 60lph @ 12v; but your electrical system is probably running 14v, so pump in flowing a little more; and if it is flowing more than what is used, it turns excess into pressure. And the extra pressure allows the stock injectors to flow what is needed. The Ranger 3.0 fuel system is beautifully matched between requirements and capability. Who says Ford engineers didn't do some intelligent design?
Now, if you intend to make more power, one should really replace the injectors with 19lb ones, and the pump with an 88lph one (engines going lead at full power tend to have short lives). And then, you are going to need a tune.
If you just want a little more top end power Tom Morana's 1.8 rockers might not be a bad choice.