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You can go the expensive route and go air bags, the under $1k option would be drop beams, or the under $300 route would be to cut the coils and get the ibeams cold bent to correct the camber.
DJM lowering beams are $596 through Summit. Do a rear spring hanger flip for next to nothing except for the cost of some Grade 8 nuts and bolts.
I recall that Fatman Fabrications cane out with an axle flip kit specific for our rigs... bolt-in even.
EDIT: Here's the write-up and a pic...
"Need an easy way to lower the rear axle of your 1965-79 Ford pickup? This newest design by Fatman Fabrications will drop the truck 5” in the back, using the original axle, without any welding being involved. A special bracket allows the axle to be shifted to the top side of the stock rear leaf springs, and a new pair of proper length shocks are bolted to special axle brackets. The frame rail does need to have clearance cut for the “C” in the frame reinforcement plate, which bolts in place to finish the job, providing vertical clearance for the repositioned axle.
Normal weights can still be carried, and this kit won’t weigh down your wallet too much! Check it out with the Fatman tech staff at (704) 545-0369 www.fatmanfab.com"
Last edited by HIO Silver; Apr 23, 2012 at 10:24 PM.
Reason: Added more info
Rezvani's Latest Post-Apocalytic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.