I had one on my Bronco. If it can pull out a full size truck, it will work on your Ranger. I attached the hook to the frame and cut a notch in the bumper trim to give access to it. It worked well, I never had any problems with it.
You can't see the hook in this photo, but you can see the shackle that was attached to it when I was pulled out:
If you decide to get one (or more) of these, get the black ones, they are stronger than the chrome ones, due to not going through the chroming process.