@TexasBear SWEET find! I'm gonna jump on this boat before reading others' posts or checking your profile, so take this for what it's worth.
1. Lift. If you absolutely must have a body lift, I and several others here wouldn't recommend more than 2". That plus a 4" Superlift (K357, specify for 98-2011 4x4 Rangers) would give you a total of 6", and if you do the Superlift + re-indexed torsion bar keys (vastly superior to the "torsion twist" method, I don't care how free it is to crank the bars, re-indexed keys give you full adjustment/"torsion twist" range WITH A HIGHER BASE HEIGHT. Discussion over.) Any higher than 2" suspension lift on the front, and you'll want a better front drive shaft. For the rear, the stock drive shaft is fine for 4" of lift, but any higher, and you'll want to look at longer ones; the slip yokes on these short 2-door drive shafts can overextend and pull the drive shaft apart, or worse, not pull apart and damage the transmission housing. (Can't speak for manuals, but on the '98-99 5R55E's at least, the rear drive shaft's slip yoke is at the transmission.) I like my spring-under-axle Old Man Emu 1.5" lifted spring packs with overload spring removed (net +2"), plus 2" shackles, but would recommend going higher than that if you like wide wheels.
No matter what, understand that ANY body lift that uses brackets to move the bumpers, renders your bumpers useless as a tow/recovery point, and compromises the structure during collisions. I've seen some the results of some gnarly collisions where the bumpers did their job correctly, and still ended up with stuff jammed through the radiator and cooling fan, into the harmonic balancer. Unless you're proud of risking the death of your motor in the event of a collision, don't put your bumper on brackets. (I supremely despise body lifts, for every reason. My mind cannot be changed.) Any way...
These Superlifts are about $500 cheaper now than they were when I got mine. Extended travel gas shocks come with the kit, but when they wear out, most users recommend switching to Fox shock absorbers.
Superlift:
https://superlift.com/product-detail/K358
That price discount is cool for you, 'cause you're also going to want a drive shaft like this one. They're worth the price, just don't forget that it's greaseable and thus it now requires maintenance.
Rough Country front drive shaft:
CV Drive Shaft | Front | 5 Inch Lift | Ford/Mazda B3000 (98-08)/Ranger (98-11)
RTZ re-indexed T-bar keys/longer shackles:
Amazon product ASIN B01L629B0K
Be warned, I had to fight with CarID over these springs, would recommend sourcing from 4WheelParts or some other such, if possible.
Old Man Emu lifted spring packs:
ARB® - 1.5" OME™ Rear Lifted Leaf Spring
And you'll need to source new front and rear bushings for these leaf spring packs as well. Trust me, parts counter jockeys will have no earthly clue on God's green earth that these things even exist. The part numbers I have are Dayton RB131 and RB237, I forget which is which but you'll need two of each.
And these would be a nice touch, if you're getting the front end done any time soon.
TrakMotive long-travel CV's (I don't have these yet):
More Information for TRAKMOTIVE FD8021XTT
2. Wheels. 2-inch offset, which way, and how wide? 7", 8", 9", 10"? Offset means nothing without width. The factory wheels are 7" wide, 3.75" backspaced, if I recall correctly, which means +0.25" offset. A -2" offset on a 7" wide wheel would put your wheel's INNER lip 0.25" farther out than the wheels on The Vulture (check my profile header, orange 2-door). A +2" offset on anything will rub, period. I'm running a 5" lift with heavy trimming, and 33x12.50's on 10" wides (3.75" backspacing + 1.5" spacers, net 2.25" backspacing) rub on flex at full turn. If you go with 8-wides and 33x10.50's, you probably won't need to trim as much, if any. But be prepared to slice into that precious, beautiful sheet metal, if you want it wide. My rear tires also like to bash the fenders on flex, running a total lift of 4" on the rear with no trimming, same wheel configuration as the front. You'll want to make sure you choose a wheel/tire setup that won't stress your suspension, steering, and drivetrain too much.
The sky is the limit with wheels, but this is my setup. Regardless of which wheels you choose, be sure you specify the width and the backspacing that you want. Your bolt pattern is 5x4.5.
Pro Comp 51 Series (steelies):
Amazon product ASIN B00DJ64ZOO
3. Engine. I assume a '96 with 60k miles on it probably has the original OHV, which is a good and reliable motor, but not great for going fast. You can read up all about the OHV and its ups and downs on this forum, generally it's the preferred V6 by most members. I personally favor (and have experience exclusively with) the SOHC, which puts out significantly more torque than the OHV. I don't know the power band or shifting points on the OHV, but you should consider these things when selecting your gears - particularly since you have the manual (envy envy).
4. Gears. If you're going to use it on the road, don't go shorter than 4.88's. I regret nothing going to 5.13's, mine became a total monster off-road, but isn't suitable for speeds above about 60 mph due to high RPM's, unduly stressing the engine components and using excessive amounts of fuel. 4.88 is right around that sweet spot, where you still have about the same torque control as with stock 30" tires on 4.10's. IF yours has the factory 4.10's (axle code D2 on the door sticker), anything taller than 4.88's wouldn't make enough difference to be worth the price. I would recommend Yukon/USA Standard Gear, that's what I went with for my 5.13's (nobody else made 'em) and haven't had any issues running trails, highways, rock crawling, mud running, the works. No matter which gears you go with, MAKE SURE you change the diff fluid (gear oil) after completing the break-in procedure! The diff is gonna be expensive to mess up, so do it once, and do it right!
Note: The 8.8 in these Explorers is the 31-spline. Don't forget (I know you're not a dummy, but seriously, don't forget) that you have to do both diff's at the same time. That means whatever gear ratio you get for the Ford 8.8 rear, you have to find the same one for the Dana 35 up front (a '96 should use standard rotation gears, not reverse rotation).
Extra miscellaneous thing I'd recommend, shoot some WD-40 or a better lubricant into all the door/gate hinges and latches... Regardless of usage, at this age, it's a good thing to do.