Yes a homemade coil will work, as long as one of your main ingredients isnt douchebaggery. Make sure if you use washers they are wide enough to distribute and hold the weight, dont just throw a bunch in there tack weld them together. Read some other threads on leveling kits and see what these other guys did. There are many ways to accomplish this.
Unless the 2003 2wd Rangers have a different front suspension design than the 2000 2wd Ranger sitting in my driveway.... good luck finding washers to fit - they would have to have an outside diameter the size of the spring and a hole big enough in the middle for the shock to go through.
It's not as simple as the 1993 Rangers that you could just unscrew the nut that held the bottom of the coil in place and stack washers under the coil. (somehow I remember having this SAME dispute with MAKG a couple years back...)
Bottom line is that there is no SAFE and CHEAP way to lift the 1998 and newer Ranger suspensions with coil springs. I did a little searching and it appears you can get some coil spacers for them from places like Summit Racing, but I'm a bit suspicious of them, they don't look all that safe to me, but I have no experience with them nor do I know anyone who has tried them. The only safe and durable lift options I know for the newer ones are the Fabtech lift parts (they offered a spindle lift and a coil/A-Arm kit).
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