Pop an HX35 on it, Cam and Roller Followers from a later Ranger, (IIRC) you can adapt a 89+ 5.0 ECU and MAF to the car, put a T5 in it. The stock trannys are garbage. Or get a bellhousing, and Flexplate from a mid-70's Pinto and put a C4 in it. Bring it to me for a Downpipe and Exhaust, and have have Brian Tune it for E85, Call it a Day.
Oh how I miss my Turbo Thunderbird....
http://pintopage.fordpinto.com/Poisonous%20Pinto.htm
http://www.turboford.org/faq/joe.shtml