I have the 2. 5 inch lift on my 93 and the drive shaft is no problem. Check and make sure the CV joint is not maxed out though. I have had to grind out the stops on the CV on my 75 dodge, or else the driveshaft limits the travel of the suspension, using the transfer case as droop limiter.
The steering wheel will prolly be off, unless you use a drop pitman arm. I would look into a cross over steering setup thou. I use it on my 75 dodge, and love it. Oh its got a locker up front and I 4 wheel it, still steer it with one finger off road.
Just check out the travel on stuff when installing the lift. And go and flex the truck up in a road ditch to check for signs of binding, rubbing, hitting components.
Michael