No, the older one is a Hall Effect sensor, your computer will only "understand" a Variable Reluctance(VR) sensor.
I think the crank is the same on both, so you could swap the lower engine cover, tone ring and timing cover, but not sure
The distributor models used Hall Effect sensor in the distributor sent to TFI ignition, when Ford went distributorless they stuck with the Hall Effect since that was what their modules were already setup to use.
When they switch to the newer computers in 1995(rangers) they used VR because it is a better type of sensor and the "module" was now in the computer so totally different type of system.
Last edited by RonD; 07-13-2015 at 10:20 PM.