I would concentrate on that sensor, maybe it was bad, maybe there is dirt around it and it is not sitting properly. check your fluid level in diff. do a search and see how you can check the wires at the sensor. reboot your pcm also.
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2004 Ext Cab, 4WD, 4.0, Auto, 154k. (4.0 engine is out of a 2009 Ranger w/96k) ( as of 7/1/2017)
2004 Ranger, Ext Cab, 2WD, 3.0, 5 speed , 4WABS, crank windows, no cruise, Edge 116k.(6/5,2014) (SOLD).
1999 Ford Ranger, Reg Cab, 2.5, 5 speed, 2WD, no AC, 150k (SOLD).
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