+1 on the peep sight. The 1894 Marlin is drilled for the Williams click adjustable aperture sights and they're about as good as anyone normally needs. The apertures change out and you can go from a small pinhole for target work to a large aperture for fast or low-light shooting. Plus they are small, light, less expensive than a scope, and don't interfere with wrapping your hand around the gun to carry it.
If you do go with the peep/aperture sight, consider replacing the front sight with a fiber optic Williams Fire-Sight. Instead of a gold or black bead out front, you'll have a tiny red fire ball. Really catches your attention. That's they way my 1894s are set up.
Without a scope, a lever action is a fast, handy, nice carrying gun. With a scope, they're as slow and cumbersome as a scope-sighted bolt gun.
Bob