I've had my 98 F-150 for a very long time and it is very capable. Yes, I have gotten stuck and there are things I have not been able to get through or over but you'd be amazed at the things I HAVE gotten through/over. The options are limited as far as lift and bumpers but that means you take some classes and learn how to weld! I'd do it but I use my truck as a DD still and need it to look semi professional. Or, look on CL, Ebay, forums, etc for used things. Lots of guys start with a small suspension lift, then move up to a semi or long travle and sell their old parts.
Like people have said before. Use what you have. You dont need a 6inch lift. An F-150 needs maybe a 2 inch suspension lift (no body lift), a locker and some good tires. Maybe some skid plates if you dont already have them. Dont do more than a few inches of lift because then you have to get a drop down bracket for the IFS and that completely defeats the purpose of a lift. You can also crant the t bars for a few inches. You don't need a massive front bumper or rear bumper. You have great tow hooks in the front and (most likely) a trailer hitch in the rear. Both are very capable of recovering you or another vehicle. Get a shell, make a sleeping platform and boom. Spend a little bit of money and you will be very pleased.
PM me if you have questions.
SDDiver5, thanks for the help and yes I will for sure PM you and ask a lot of questions if that's ok with you.