The F-5 was aimed squarely at the low intensity warfare client who would be very unlikely to have AAR capability or the need for extreme long reach. Buddy refueling would only need a bolt on receiver and if they could squeeze one onto a Harrier the F-5 would be possible.
The nearest match I could find was with the Saab Draken and I think the wing root inlet would be easier than major structural work for a shoulder mount. Both keep their fuel in the fuselage. That said the Draken has 12,700lbs of dry thrust Vs the F-20 at 11,000lbs The F-20 is also heavier at 27,500 Vs 26,266lb. Ferry range (inc 3 drop tanks) for the F-20 is 2319miles from 6469L, for the Draken (inc 4 drop tanks) it's 1710 miles from 4920L consumption per mile is 2.79L (F-20) Vs 2.88L (Draken) per mile
The F-16 is about the same size as the F-20 and the F-16XL had a range of 2850 miles likely internal fuel and potentially 27 hardpoints including 2 wet wing positions and an under-fuselage one. Payload doubled and could be carried 40% further than the base F-16 which could go 2620 miles with 3 drop-tanks.
So Draken sized wing with modern manufacturing techniques would allow a wet wing to bring the weight back to the old structure with extra fuel. Say 3 pylons per wing with 1 wet and tip rail the F-20 could get to 3250 miles clean. Alternatively 8000lbs payload becomes 16000lbs of bad news. Fly with 2 drop tanks, a couple of wingtip Sidewinders, and a light load of 4000lbs and it could be very useful for long range patrols.
NB: All ranges are ferry ranges for clarity and averaged among variable quoted figures.