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As g_k said, yes and no. The front end is the same structure, but if you want to change the head light... yes the holes should match up, however you would need both head lights, both blinkers, grill and the fiberglass piece that holds it all together.
I just went through all of this two weeks ago when my wife wrecked her 1997 Ranger... which is the same front end as mine, and your 94.
My 2001 Edge headlight look alot different than a 1994 headlight, indicating that there would be some work involved, maybe you could change out the grill too.
yea i want the 01 grill and front bumper too. i should just go buy an 01 but i cant part with my 94. there are too many memories and also its my project.