Parts to look for and ways to rebuild myb97 ford ranger?

New to mechanics. I'm blessed to have an amazing mechanic in my life but often can't ask any questions. I have a ford 97 ranger xlt. I want to pretty much rebuild it. Plan on buying used parts, just would like a basic list of the types I'm looking for. I know I want my truck to be as powerful as possible, dependable and fuel efficient. So what engine and transmission should I look for? It'd help to have a list of parts I can start searching for how they improve my truck and what not. Putting money in thi. Mechanic will install them all. Plan on having my truck lowered and body kit, and made as fast as possible. This is why I'd like to know what parts I can replace, and how to best trick my truck out. Would like to start with parts. What are my options. Keep in mind will be buying used things and whatnot AMD can Google if the parts are compatible with my truck. Just ideas would be cool so I can start looking and also thingna I should replace just to make newer

http://www.therangerstation.com/tech_library/5_0_swap_in_newer_ranger.html

Won't make it more efficient, but if you want to hack up your Ranger, buy a wrecked 5.0 Explorer and put a couple hundred hours into a swap. Going to have to do a ton of research, if you don't understand a single thing in the article above, you are not ready for this project.

Complete waste of time and money.

Look keep it stock rebuild the engine that came with it if you want but go ahead and lower it and do what you want THE KEY IS NOT TO HAVE THE FASTEST RIDE the key is to have a RELIABLE RIDE so you get your date home on time ya know if you want to date her again instead of having a issue plagued POS make it mechanically reliable FIRST

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