Only if you need to. So the first thing to do usually before installing the tank is to connect the sending unit and run it through it's range of motion to make sure your gauge reads it correctly.
But since yours is already installed, might as well see what it's reading now and go from there.
If it's right on the money, or at least "close enough" for you, then just leave it and run it. But if it's far enough off to bother you, then it's time to tweak it.
Many things can change in the wiring system over all these years, but many things can vary in the manufacture of a new electro-mechanical unit too. Just because it tests out to be within the expected range does not necessarily mean it's going to read perfectly on the individual Bronco's gauge.
Have you put gas in it yet? Even if not, does the gauge read at empty or just below? If so, then it's probably going to be ok. If it's WAAAAY below empty though, I'd guess that it might not read fully to the full mark when the tank is full of gas.
Good luck.
Paul