i have a 4X2 and i want to lift it maybe 2 in at most... not too much... and put maybe some p265-70R16's... i want to know how i could get maybe an in and a half to 2 in... and how much... also if id loose some power and if its a good idea still to get a locking differential for lmited slip... just am wanting to be more off road...

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2000 F-150 XLT Extended
4.2L 5spd.
3.55
K&N filter
Gibson Super Truck Exhaust
eXstang Soft Tonno


Soon to come:
Flipchip
FIPK (don't know which one)
Pirelli Scorpion A/T p26570r16
3.55 limited slip
Sound System