Charlie60,
The larger tires will only give you 1" more of ride height. Your speedometer will be off by 5 mph at 60 mph. Speedo will read 60 mph, actual speed will be 65 mph. Your odometer will also be incorrect by the same, so if you track your mpg, it will look like it's dropped.
If you just want more height, then a lift kit may be the way to go. Here's one site I found while typing this and the kit is only $215:
Ford Ranger & Explorer 3" Complete Lift Kit 1998-2008
What does your door sticker say your tire size should be? The 205/70R14 isn't a stock tire for the 1999 Ranger. From what I've found the following are possible tire sizes:
205/75R14 (2WD - Most likely your stock tire, which will give .4" more height)
225/70R14 (2WD - Will give .55" more height)
215/75R15 (4WD - Can be used on 2WD and is most likely an option in the ECM)
235/75R15 (4WD - Can be used on 2WD and is most likely an option in the ECM)
My 2001 came with oversized tires (235/75R15 instead of the stock 225/70R15.) The speedometer and odometer were incorrect as well. I like the tires because they fill the wheel well better. But the incorrect speedometer was a ticket waiting to happen. The incorrect odometer was eating up my extended warranty.
I took my Ranger to Ford and had them adjust the tire size in the ECM ($80). Fortunately, the larger tires were an option in the ECM. My speedometer and odometer are now correct. Here's what I've noticed about the larger tires.
1) The truck is sluggish off the line and when climbing hills. This is due to the larger tires requiring more torq to make them turn. The only way to improve this is to change the differential ratio as well.
2) It gets worse city mpg, but better highway mpg than it's rated. Remember #1. More torq to get them moving means more fuel is needed. But, once cruising on the highway, it runs at a lower RPM than before. Lower RPM means less fuel consumed.
3) Be carefull when hauling a load or towing. Remember #1. Less torq means less towing capacity because of the torq needed to get things moving. This is more a transmission issue than anything else. The heavy load can cause the tranny to overheat. That's bad juju, if you know what I mean.
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Good Luck...
mj
'01 Ford Ranger 3.0 Super Cab, K&N Air, MaxFlow Exhaust, Oversize Tires

'93 Ford Taurus 3.0 (Ugh! What a MONEY PIT! Traded it in for the '01 Ranger)

'87 Ford Ranger 2.3 Super Cab (Owned it for 16 years until some clown t-boned me in it!)

'92 Ford Aerostar 3.0 (Gave it to Ex in Divorce Settlement) Hehe...
'74 Ford Maverick 250 ci (Great car! 110 mph on Autoban! Traded it in for the '87 Ranger)
'66 Ford Mustang 200 ci (Screwed up and SOLD IT!!)