Thanks everyone...I just noticed that the guy that owned it before me also removed a leaf from the rear springs too. What a dipshit. Guys that don't make careful, informed, and well-researched decisions before they start modding their rides to death just amaze the hell right out of me.
Anyway...I guess I'm going to just go to the junkyard and replace the front control arms and rear springs, then maybe go with a 3" drop using drop spindles, shorty shocks, and drop springs in the front....and maybe go with 3'' blocks with shorty shocks in the back.
That way it hopefully won't be too low (probably about the same it is now), my 225/50/17's shouldn't rub, and I think I can still pull a small utility trailer without worrying about dragging the back going in and out of steep driveways.
Here's a few pics.


BTW...I'm pretty sure that this project won't be nearly as much fun as my Luv is - mainly because my other half will be closely supervising me, since it's going to be her truck...lol