paragon has a little of everything, from green (mild) to black (wild). i wheeled my stock 96 on 31's for the first time there 2+ yrs ago in the winter and had a good time, at least you have mt's, that'll help alot. limited slips and/or lockers would be quite helpful, too, but you can still have fun without them.
you should be able to do up to low blues without too much problem i would think, your main limitation will probably be clearance issues. unless it snows, of course, then every trail gets a whole lot harder as your traction goes to poop. we were there on dec. 10 and most of the stockers had trouble with ice underneath a fresh layer of snow. even guys with limited slips had difficulties. if that happens just stick to the greens (they'll be plenty hard at that rate) and/or the staging/play area and you'll be fine. avoid the ice ponds in the play area (if you don't know where they are, ask someone, like bnkrtsk), they can be deadly if covered by a thin layer of snow.
make sure your battery is properly secured (they check) and that you have tow points attached, just in case. even on some of the harder trails there are bypasses so you can't really get into too much trouble. let us know how you like it, the ne chapter goes there every few months. on the 28th we're going to rausch creek for a change of pace.