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The difference won't be measurable on a Ranger, but if you can get them cheap enough, I'd go alloy since acceleration and handling will also be slightly improved. I'd probably mount snow tires on the steelies and fuel efficient tires on the alloys so that they can be swapped easily as needed.
The longer you keep the vehicle, the more the investment in alloys pays off. Get the alloys used and you can sell them for what you paid for them when you go to sell the truck.
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