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Good maintenance will get you far. I recommend replacing the distributor and spark plug wires with a performance set, new plugs (I run mine 0.01" oversized), new battery cables, new 4 or 12 hole fuel injectors, new air filter, and replacing all your oils with synthetic.
Beyond that I would get new headers, put exhaust wrap on them, a manual hub conversion set (I don't think the rangers have manual hubs), underbelly skid plates, some kind of hard bed cover, and lightweight pulleys (if you're comfortable with that). A higher thermostat may also be beneficial to you. If you are very mechanically inclined then electric power steering would be great. Or removing the power steering system.
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