Skip the lift and tires and stuff. Get a newer engine. Either a 4.0 OHV, 4.0 SOHC, or a 5.0, or even a carbed 351W if you can.
In my book:
Drivetrain first (engine, tranny, t-case, axles)
Suspension second (tires, lift, brakes, wheels)
Appearance last (paint, add-ons, stick on side vents)