It fits, but the hose positioning on the newer masters is slightly different since it was "improved" to bleed air with use rather than trap it, which was a problem with the earlier design in Explorers and Rangers. I bunged a new Ranger master on there with the stock hose, but it's never, never worked as well as the original. The dealer sold me the Ranger part since it fits...but it apparently does NOT work as well as the specific Explorer part...or maybe it only does with the matching new hydraulic line.
If you're putting a newer hose into an earlier slave, it probably won't have the same fit issues as putting a new master on with an old hose. It may have some of it's own, though.
Either way it works, just not as ideal...at least new master/old hose. Maybe an old slave/new hose is an improvement, or makes no difference.
The slaves and clutches in general have so many issues with these, personally I think it's best to get the right parts and only the right parts, in the interest of only replacing the parts once...especially those which require transmission removal. Of course, that's made more difficult by the fact the dealer will sell you whatever part they have that works...even if it's not the exact replacement.