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Good thing you have a code reader. I had to disconnect the batteries from my Nissan Sentra for half a day to clear the codes. I was farting around with the MAF sensor, though.
I think your Ranger is begging you for a 4BT swap. Oh, yeah.
Edit: Just as a curiosity, can a FI engine be converted to a carbureted engine? Sure you can put a new TB and carburetor on it but what about the distributor? Just a shot in the dark for my info only.
You could but the dizzy needs to be from a pre efi motor, I'm not sure if the DSII system was used on them at all though.