Yes, in the 2.3's 4F27-E trans, and not by much; prolly 300 (give or take; I haven't done the actual math) revs at cruise. I don't know what the 2.0 Duratec autos have for a final drive ratio. Hmmm...
In other words, say you have the 2.3/3.73 and you cruise at 3000 revs @ 75 MPH (where posted, and the RPM numbers are rounded off for the sake of discussion). If you changed to a 3.92 gear, your 75 MPH cruising revs would now be 300 revs higher at 3300 revs...
As I said earlier, it's just enough of a change to notice and with the 2.3 4-speed automatic, it'd mean that second gear would become much more "usable" in getting off of tighter corners. The car would have a bit more snap. It would be a bitchin' swap, and I've daydreamed of doing it someday although it wouldn't be easy: the trans has to be disassembled completely to change the pinion gear...
Too bad there's not a shorter gearset already manufactured for the Zetec; say a 4:10. Wait! I THINK (not sure...) there was something like that for the Ford Escorts. Perhaps a little research by a Zetec guy would bear fruit on this subject.
There's no swapping in an MTX-75 gearset, unfortunately; the gearsets are of a different physical dimension due to the difference in the design between the coaxial automatic, and the main/countershaft design of the manual 'box. This is the reason that, at least in our Duratec cars, the engine sits one inch closer to the firewall than the MTX-equipped car.