Your symptoms sound like it still has an air bubble in the system somewhere the ranger clutches are very finicky since the line comes up over the frame rail which creates a perfect pocket of air. The official way to bleed it is to remove master cylinder assembly and bench bleed while it hangs straight down. (To eliminate high spots that trap air) I used the easy method and just cracked the bleeder screw and poured four reservoir fulls of fluid through it and eventually the air worked itself out its kindy messy and wasteful but trust me it is way messier and annoying to remove the whole master cylinder.
New DD-2009 Ford Mustang GT/CS candy apple red.
(sold)2003 XLT Tan 3.0L V6 5-speed, Lots of mods.