OK - first, you won't have much power to lose in the first place!  Hopefully, the 89 Kick has a 1.6L engine, and not the 1.3L engine [EEK].  Yes, you can regear it all the way to 5.83:1 Ring & Pinions (and I highly recommend it).  The only way to change the "hi gear" gear ratio in your transfer case, is to replace it - for instance, with a Samurai (divorced) tcase - that's a lot of work!
Put a header and cat-back hi-perf exhaust on it, and put a K&N air filter on the intake side, and you'll get better performance.
Let's see: Stock tires are 27". You can go to 29's with just a small body lift, I guess, or up to 31's with the Calmini 6" suspension/body lift, which I also highly recommend.