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Lowering the vehicle will improve handling, cornering speed, and reduce frontal area of tires. The ride will be a bit rough. Make sure you know what type of springs you buy. Lowering spring are for looks, racing springs are for performance.
@Chrisgerman1983:
If you do raise the vehicle, you will add a bit to the frontal area. If you add tire spatz in front of the tires this will most likely negate the effect. You will raise your center of gravity and lose a bit on handling. If you raise the height you should add a belly pan, a front air dam, and direct a bit more air under the vehicle. This may actually reduce drag depending on the space between ground and bottom of vehicle.
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