No i don't have this ranger yet, i do have a ranger with a 6" lift and 33's ( coils, extended brake lines, drops, pitman arm, explorer frankenpack leaves in the rear and belltech shackles)
My plan is to get a first gen 5spd 2.3l ranger 4x4 and turbo it with turbocoupe computer, VAM, forged pistons, A/F ratio gauge, etc running 15-20 psi boost with a manual 2 stage boost controller. Power won't be an issue.
As for lift, for starters i will just do some belltech shackles in the rear and either leveling coils or explorer coils in the front for 2"ish lift. I will also build some new shock towers to run longer travel shocks and do somthing along the same lines in the rear, some adjusting bushings up front. oh, also some extended radius arms are in the works.
If i ever go bigger i would probably do a chevy 63" swap and maybe a shackle flip for better handling, bigger coils up front and cut and turned Dana 35 beams. Actually, if i build it that much i would probably 4-link the rear and throw in an explorer 8.8. At this build stage i would be running 33's or larger, but that is not now. Oh yeah and superunner steering or something similar.
If i do go for the prerunner look, i will flare the stock rear fenders, and might fool around with flaring the stock fronts (I have the skills and will be fabbing everything else myself anyway). If i can't flare the fronts enough i will buy the fiberglass fenders, although while i'm at that i would probably upgrade to the 01-04 front end. Leave the rear bed functional eg: no spare tire mounts that consume the entire bed. I will fab up a ARB-ish front bumper with a stinger, some lights and a skidplate