That's not quite right for a '99 (above)
Here's what you do.
Remove hub. To do this either use Fords special tool, or six small flat head screwdrivers. Pry up on the little tabs, at the same time (you'll figure it out) and pull it straight off.
Next remove the snap ring that holds the axle shaft into the bearing.
Then you will need to remove the upper ball joint and let the knuckle hang.
You can now grab the outer CV and remove it from the knuckle, then grab the inner and pop it out of the diff housing.
Reverse those directions to reinstall.
If you're good with tools you can knock it out in about a half and hour. I've got it down to a science now... lol
Imagine if sharks could walk on land... Scary.
1999 Long-Travel Ford Ranger XLT 4x4 4.0 4door
2007 F-150 5.4 FX4 SCREW