I used 7027A's in my Ranger mod which is the tube used in the Ranger II. Works fine and plenty of modulation. I have about a dozen Gold Lion KT88's but opted not to use them because of the size and that they were overkill based on the stock modulation transformer. I did remove the driver transformer as part of the mods and used a tube phase inverter. Two 6550's can produce well over 100 watts of audio. The Ranger is about 60 watts input on AM, maybe 70 if you push it. That is 30-40 watts of modulation audio. One could use the headroom argument but three times the required audio is a bit much especially using the stock mod transformer. On the other hand an argument for using the 6550 or KT88 at reduced power is longer tube life. They also are probably more available.
The KT88's I have would also have required some mechanical mods to the chassis due to their size.
http://www.crompton.com/hamradio/JohnsonRanger/RangerRestoration.html