It would make it fairly close to a 4.0 ratio, which probably wouldn’t be much good with the 2.5L.
In my opinion, there’s a couple of issues with the 8.8. Firstly, they are too narrow for the rear of MJs unless you get one from an Explorer Sport Trac. The other issue is the ground clearance lost. My MJ has an 8.8 and 31s, and I hit the diff when o did some very minor trails.