A 351W will fit up to 1994. And you can keep your 4wd, w/o a body lift, but you might lose a/c. I made my mounts for my 351w, the same thing that can be bought from Total Performance. I used a full size trans, used the adapter from Advance Adapters, kept my push button transfer case. The 89-92 Ranger has the same chassis and front axel design as the 94 Exploder (unless I missed something) In 95 Ford changed the front axels and transfer cases. It is entirely possible to squeeze a 351W in a 1991-1994 Exploder with minor difficulty. You must use a dual sump pan and pick up tube, keep the motor as close to the belly pan as possible, you might have to modify the oil pan a little to clear the axel bracket. You must use a mini-starter and a oil filter relocation kit. I don't like automatics, so I can't help you with that. Af far a stick trans goes, the 5 speed from 88+ F-150 fits nicely, or Advanced Adapters has a kit to use a World Class T5 trans in a 4wd. In my case, all my 4x4 mods had a 3" body lift to give me room for exhaust and header clearance (I only use 3"), BUT, I didn't raise my 2wd mod, I used Total Performance headers for 351W, had my pipe shop run duals with FlowMasters. There was plenty of room after I ditched the spare tire. I try to make most of my mods with as many OEM parts as possible, I really don't care for after market junk.
1. An early 90's Explorer Radiator keeps small block cool when used with electric fan and thermostat switch, I have never had a problem in my 7 years of mods, and they fit perfect in Rangers also.
2. Pitch any idea of using a A4LD trans, they are junk and will not hold up to any power.
3. You cannot use 302 headers on 351W w/o some mods (steering shaft, frame, trans bell housing)
4. Good luck keeping your A/C w/o a body lift.
5. Don't ask me about any chevy small block mods. You people are sick, DON'T CROSS BREED!