I drove lifted trucks for years. Now that I'm older (and wiser), I enjoy the comfort of a more stock ride (and I would consider a simple level as close to stock). Lifted trucks can get expensive to maintain and certainly will stress other components on the truck as mentioned earlier (e.g., CV joints)
Personally I try to stick with what's practical or necessary, so me in your shoes says neither; it sounds like you don't go off-road, so neither the lift/level or tires would have any benefit besides looks.
However, between those options, I'd level and get the tires. There's a Ford I see around here with probably a 4 inch lift on stock rims and wheels.... 1. It's still going to drag the rear diff if he ever goes offroad since it's at stock height. 2. It's vehicle wear and tear and makes them less economical. 3. It looks ridiculous.
I've got an F250 diesel that I've been climbing up into for the last 4 years so I wanted something totally different and easier for my fat A$$ to get in and out of so I leveled mine by dropping the back 2"