It may. If I were you, I would go to this site: www.therangerstation.com and go to the tech library. Poke around the engine rebuild/swaps section. It has offered me a lot of help and advice. It also...
In some respects they are similar, but they have a lot of different things. First the 85 Ranger is still carbureted while the 92 is equipped with a fuel injection system. Transmissions are different...