A common used build for rangers is between 30~50 stamina, with the rest points into dex. If you have a good ringmaster to buff and heal you, you can be full dex for higher attack.
As for equiptment, if you can afford a G.bow, go ahead and get one. If not, just use NPC bows. I would suggest getting an H.bow since they are fairly cheap, but if you can't afford that, just save up money for an A.bow.
For armor--I really don't recommend using Hyper/Cruiser. You're going to want the most defense you can get, so you'll be using the Lv 59 ranger armor you buy from an NPC in Darkon.
Of course, all of this is being applied for an AoE ranger. If you're intending to make a 1v1 ranger, I highly advise against this, because the damage output is horrid. If you want a 1v1 bow user, just scrap the ranger plans and make a bow jester. Rangers shine for their AoEing.
If you need more help, here are a couple guides along with a community & help thread:
Rangers: Masters of the bow
AoE Ranger's Guide
Ranger's Refuge