If I bought another late model ranger it would probably end up with a 1" body lift.
When I think about how I would like one setup, I think a 1" body lift, mild fiberglass fenders up front (like a 2" bulge and 2" rise), pulled bedsides and 33x12.50's on 15x8's.
No cranking the torsion bars to ruin the ride, no excessive height, but the advantages of a 33x12.50 with a little lower COG. The 1" just gives a little bit of extra clearance for tires in a different way then cranking the torsion bars. If you crank the torsion bars 1", they will still compress to the same spot (bump stops) and that's when tires are going to rub. A 1" body lift moves the body away 1" even when the suspension hits the bump stop. And it isn't noticeable enough that everyone sees the frame poking out more than usual, plus a person could get away without modifying the hitch and it would look alright still. Oh and you shouldn't get the heavier steering either that you do with the steering extension of the 3" kit.
I never had any problems with my 3" body lift on the ranger or the sport trac, they did exactly what I wanted. But I don't know why everyone is giving him a hard time about only wanting 1".
2006 F150 FX4 Super Crew - Bilstien 5100s leveled 2", 35" KM2s, 4.56 gears, Detroit locker, Eaton E-Locker, Traction Bars, AEM intake, Xcal 2
2010 VW Golf TDI 6MT