You shouldn't need to lift the rear to match if you do the RUF, but remember to pull out the overload spring or your ride will be to harsh.
Flex is much better, especially if you go with a folding shackle in the front. You will need to remount your shocks and should pick up some new brake lines. I put on brake lines from the front of a Geo Tracker/Suzuki Sidekick on to soak up the extra travel.
On a side note, cutting/fiddle brakes and spools don't work together. I've had a brake go out on the drivers side in the back and just pinched the line, the other brake stopped me just fine for the rest of the competition.