Looking to replace my transmission due to previous owner bascily ripped all the gears so my question is the ranger and f150 m5r2 is that the same or if not what's the difference?
Well, what THEY have is the M5R1, not the M5R2.
Gears can swap for the most part, but the shifter location is different.
RwP
The Ranger has the M5R1, the F150 has the M5R2. There are enough differences between the F150 version and the SC version that to swap in an F150 unit would involve pulling it and an SC trans apart, and rebuilding one trans out of the 2, and at that point, you might as well just rebuild the SC trans.
Also keep in mind the gear ratios from 89to 93 then changed for 94-95. Most likely you just need blockers get some brass ones or carbon fiber ones. Any gear shop can handle the job