Ditto here. I bought one of the first Rangers when they came out with them in 1983... it was a great truck but didn't survive getting wrapped around a guard rail fence. My only excuse is that I was young and dumb.
10 years later I bought a 1985 Ranger for $500. It was my first 4WD and I beat the crap out of it; then sold it for about what I paid. What a lot of people didn't realize is that the 2.8 had solid lifters so the valves had to be adjusted occasionally. I believe that it was a German engine, the same as what came in the Capri of that era.
A friend bought the same truck when he graduated from college, with the same complaints. I believe that 4 cylinder was the same engine which had been used in the Pinto.