I would not put tall tires on a Ranger as they are not powerful engines (especially the 4 banger) and the tires will slow up acceleration. As far as bigger rims. The 16's might be ok. The stock size is 225/70/15 so 16's would be 235/60/16. The problem is that the Ranger already has a harsh ride when equipped with fresh shocks and bushings. I can't see going with a shorter sidewall. The suspension on a Ranger is pretty primitive. The stock tire size makes it bearable. These trucks are not sporty in any way. They are economical, practical workhorses which can provide durability and good economy. I used to be a Miata owner. Most of my friends went up a rim size and ruined the comfort and acceleration on those old 1.6 liter engines. The Ranger is not the kind of car which does well with big rims. as far as the lift kits. That might be a different story, but I've never understood lifts on any car. Handling will be worse as will safety. Generally, you want to be as close to the ground as possible for safety and handling. That's pure physics. If you want to modify a Ranger, consider a spray in bed liner. Consider a better stereo. Consider aftermarket seats, and an easy repair is to swap out the bushings in a manual transmission shifter if you have one. It's a half hour job and you'll feel a big difference.