Well Wil, I know one one thing you DON'T want to do is cut the springs! I did this on my 81 (TE72) coupe and while it looked absolutelte awesome (TUCKING 13 INCH RIMS!!!!!!!) about 3inches off the ground, the front springs never did relocate properly, causing WILD variations in alignment from one moment to the next....it was really dangerous. Also, the radical drop caused radical pinion angle changes, straining the rear end and driveshaft greatly, with vibration and a gawdawful squealing noise.
Techonolgy has greatly improved since then, and I would investigate either coilovers or airstruts for the front and for the back, you never said if you have leaf springs or coils, so if you have leaves, use blocks with angle shims to help align the driveshaft/rearend. If you have coils, look into drop springs or again, coilovers. Yes they're a bit pricey but it's not worth risking your neck in order to look cool right?
I hope I have shed a small amount of light on it for you. Good luck with your project, and I would love to see some pics if you can. My email is teddybyker, over at Gmail.
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