How is it lifted? Body lift + susp? How high? What size tires you running? If it's lifted and does not have a stabilizer, I agree with clush - go ahead and get one, they are not $. That would fix your steering problem I bet.
I would definitely take off the tires and check all the brakes. Might want to replace the rotors/pads on the front and the shoes/wheel cyclinders/springs(kit) on the rear. Have the drums machined, or just buy new ones. The front is easy, the rear (drum brakes) are somewhat a pain but not that bad. Once you do 1 drum brake, you can do them all. lol
Check your fluids asap also, might as well dump and replace all those, it's not hard and not that $.
That's the first thing I did when I bought my 95' with 140k on it. Did all the fluids, then both sets of brakes (the rear brakes on mine were in pathetic shape...lol).
It rides a TON better.
Quick run down on what you need (since I just did all this on the 95' I recently purchased).
2 front brake rotors
1 set of front brake pads (set will include both left and right)
(my neighbor is a Ford diesel mechanic so I was lucky and he machined by drums for me) 2 rear brake drums
1 set of rear brake shoes (set will include both left and right)
2 rear wheel cylinders
1 rear brake kit (includes all new springs/bolts etc)
Get ya some good degreaser, some brake cleaner and some grease also.
For the fluids:
I am assuming it's a manual?
Transmission takes 10w30 engine oil or 75w90 gear oil (your choice here, just use good fluid, dont buy the cheap stuff). This is super easy, 2 normal socket plugs underneith, one to drain, one to fill. About as hard as changing the oil here.
Transfer case takes ATF 4 (automatic transmission fluid), super easy also, 2 big 30mm plugs on the case, one to drain, 1 to fill.
Rear differential case (inspect this one, is it wet? looks real dirty? etc), if so buy a new gasket for it and dump and replace the fluid in it, takes 75w90 gear oil. This one is not hard, but takes a while to clean if the existing gasket is bad and you have a mess on the outside.
If you need guides for any of this let us know and we will post step by step links.
Oh and Welcome to the forums! And congrats on the 92!