Its cheaper to slide in some coil spacers but overall its probably better to buy +2" coils. I would level it out for sure. Then, get some more traction with a better differential (locker baby).
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It would look cool to have the bumper, the grill, and the corner trim all in gloss black to match the rest of the truck.
But...............it would look B-A-D-D-E-R with the exhaust(s) exiting out of the sides directly in front of the rear wheels......