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.
2004 Freestar Limited 4.2 V6 w/Water Injection & Iridium plugs
2010 Lincoln MKZ AWD (Vacationing in Arizona)
2007 Focus SE (Just bought 9/29/2012 @ 59K miles)
1979 Gilson 32" 10HP Snowblower
2007 Generac 17.5Kw Generator w/33HP Twin-Cylinder engine
Farmhand 3-Cylinder air compressor
AMSOIL Lubricants and Filters in everything
"Have a good day, and a better one tomorrow"