dodge went do drivers side drop in the 90's so it could be made to work... but the long side tube has a disconnect as well as a 2 piece shaft. some people could live with that but others would retube it and throw in a single shaft. they run unit bearings instead of spindles so no lockouts. and a spin tec is over a grand. it could be made to work if your not concerned with these things but id rather find a late 70's ford d44.
by the sounds of it you plan on running the dodge links and coils. the coils would be too heavy for a ranger and a 4 link is hard to setup because of the limited space. with the ford d44 you could just run leafs and throw on a track bar for road manners. much easier to set up than a link type suspension and fine for MOST wheeling
2003 ranger xlt 4.0 auto. 265/75/16 bfg at's, SI/DO super 44 dumped for now, kenwood deck, 6x8" rockford fosgate's up front, stock rears(for now). front reciever hitch blah blah blah. first real mod is gonna be a big one HINT: 14bolt/78 f250 d44 Build Thread Here