I keep to name brands as I’ve had a friend almost killed when his cheap burst for no reason. The cheapest mud Terrains I found on tire rack was cooper mud terrains at $288 and change. 5 purchased mounted balance would be $1800. Again no wheels.Not that I'd run off brand on my Jeep, but I know guys who've bought 37's for $1,100 mounted and balanced.
And to answer your question I wouldn’t do a budget lift. I like things to last and in my experience buying the quality the first time saves money headache and time.
You can do as you please as it is your money. More power to you. I do agree, that Bronco mods will be more money. I am impressed at what the broncos are already climbing oem or simple mods.