Well since your only going 2 inch, buy a set of f150 springs form the jynkyard with the retainers. (ther retainers are required because they are bigger for the bigger springs) For the rear buy a set of explorer leafs form the junkyard, read up on the explorer leaf swap for details, and mixmatch til you get a setup you like. Buy a set of drop shakles from autozone for 30 bux. You now have roughly 2 inches all the way around. Both ranger springs and f150 springs are way stiffer than they need to be for our trucks. They should hold the v-8 pretty well, especially the f150 springs. But you will want a 2 or 3 inch body lift to make wrenchin on the 8 alot easier and roomier. You can find body lifts on craiglist for pretty cheap. Or you can weld 2-3 inches of washers together, make sure the inner diameter isnt much bigger than your bolts, and the outer diameter is at least 3-4 inches for stability, longer body bolts will be needed, grade 8 is recommended.
With everything I just pointed out to you it should still be alot cheaper than a new lift.
As far as needing answers just keep readin, it will take time, but it actually will just come to you. Youll read something in one post that will click with another post and then youll remember something from thetech library and it will just 'make sense'. This is how I learned.