I had a 97 Ranger with the 2.3l / 5 speed / and a 3.73 rear and was getting 30-32 mpg fairly regularly but it was almost all highway. The 3.08 sounds great but is it maybe too tall for something with barely 115 hp? Especially if the majority of your driving is in town. Maybe moving up to a 3.45 would be middle ground between what you have and what I had. I did the intake baffles and the coil pack mod mentioned earlier. Tonneau cover and oversized tires to help with the final drive ratio. You can still find it in the garage under Little Black Ranger. Unfortunately it died a few years ago. Never did the injector swap.
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