Sort of, and not. With your planned boost, drilling another hole in the track bar axle bracket will get the axle re-centered under the Jeep, using a stock track bar. You can always upgrade at a later time.
With your targeted height, spend money on new ball joints and steering parts. Buy NAPA Premium, or any brand that advertises metal socket liners:
http://www.seriousoffroadproducts.c...84-01-Jeep-Cherokees-And-87-06-Jeep-Wranglers
The V-8, ZJ tie rod is the cheap upgrade over the stock tie rod. You will have to replace three pieces for this swap. The ZJ tie rod is on the jeep, stock is on the ground.
The stock XJ springs are notoriously soft. You will need to do something out back if you want to ditch the rear track bar. Putting slightly stiffer springs on my wife's station wagon did much to firm up the ride.
Past that, installing sway bar disconnects will keep your street manners when you need the sway bar, and let your axle walk over uneven terrain. I found a picture of my wife's station wagon, to show you how much a little work can do. It is driven 99% street. Sometimes I'll tow a trailer to the scrap yard, sometimes I'll drive around the mountains.
31-inch tires, 2-inch budget boost, front sway bar disconnected, rear sway bar removed.