No experience with the Ford Ranger, but I kept track of my Toyota 4x4's mpg over about 10K miles (until the speedometer broke), and averaged about 27 mpg. Now this is almost always driven either with a sizeable load (hay, firewood, etc, sometimes pulling a trailer with a similar load) for at least half the trip, or up mountains on dirt roads that a non-4WD mostly couldn't manage. (Or sometimes in deep snow.) So I don't think your 25 mpg is really that out of line for a smaller 4WD, reasonably driven. If the muffler helps you drive reasonably, great!
PS: The only ecomods on this are inflating the tires to 45-50 psi, and removing some of decorative crap (like running boards) that the previous owner had installed.
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