The 1994 Ranger requires ATF in the manual and automatic transmissions. I would go with a quality synthetic ATF. The transmission will have reduced wear, be quieter and run cooler internally.
2016 Ford Fusion SE (1.5L Ecoboost)
2015 Ford F-150 Lariat Supercrew (3.5L Ecoboost)
2010 Lincoln MKZ (3.5L DOHC)
2007 Ford Focus SE (2.0L DOHC) A.K.A. "Zippy"
2004 Ford Freestar Limited (4.2L OHV)
Generac 17.5KW Generator (33HP Twin Cylinder)
Farm Hand 60 Gallon Compressor (3 Cylinder)
AMSOIL in everything I own that I can get it in...
"Have a good day, and a better one tomorrow"