Not sure on the 90's Rangers, but I know my 2002 has a knock sensor on it, it is located on the passenger side of the motor midway down the block, roundish with a single wire connector. As far as I know the knock sensor would be the only thing that could change timing due to detonation, there is nothing on these rangers that can detect an octane rating.
The Flex Fuel setup is an educated guessing game done by the ECU, as to how full the tank is, readings from the O2's and the knock sensor, it is a nightmare with my supercharged engine, I have finally got it tuned and not to make any of its Flex fuel type changes, it was actually trying to lean it out at 16-18 psi of boost over the tuned installed during certain driving and outside temperatur conditions
Sometimes the brown circle you see on the insulator on the plug is a leaking insulator to the plug body, it gasses into the boot, it can also be the silicon boot burning from too much heat disapating into the insulator, seen it both ways several times.
JP02XLT