I ran skyjacker leveling coils on my 93 ranger for years when I had it, definitely need alignment, the fully adjustable cams will be nice incase you ever go with a bigger lift or back to stock. I never got new shocks but if yours are shot it wouldn't hurt to get a set. Most shocks are good with 0-2" lift, but you should consider the lift when looking for new ones.
I got a used set of skyjackers coils for around 70 bucks back then and got the cams at napa. With that and an alignment it was probably under 150 bucks total.
I swapped my auto hubs for warn manuals too, wise choice.