Go for a decent alignment first and then decide. Guran does wonders with a stock NA6 on the track have a look at his car, there have been no quality comprimises (that I know of), just stock.
Now that that is out of the way to try and answer your question...
Does your budget extend to coilovers? Is it for looks (hard parking) or for a purpose? How low is low?
Lowering raises all sorts of issues as you are taking the steering geometry away from what it was designed to do. This can be fixed somewhat by using different MX5 OEM parts like the tie rod end ball joints from the 1993 LE (OEM part number N021-32-280A). I do know that is a very small amount of interest in getting some custom lower ball joints made up specifically for lowered MX5 NA's. Or you can use drop spindles, however these will blow your budget.
No coilover budget? Well you will have to look at lowering springs, these pop up everynow and then on the forum. Only coilovers will allow you to adjust ride height, set corner weights as well as match the travel to the suspension/wheel movement range. However there are options out there like for the Bilstiens where you can convert them into ones with an adjustable spring perch, however the valving may not be suitable for your chosen spring rates.
I would suggest again a good alignment and then save your pennies and do it right the first time.
This should help to explain the effects of lowering.
