I am running the RockMolester setup on my Sport and it has done well for me. Getting rear shocks that I am happy with took the longest. I am still searching for something that I want to use for the long term.
On the Sport, I wasn't able to use the same spacers that Rockmolester used. I used the Jeff / Low Range spacer kit, but turned down the spacer length with a lathe to get the exact height I wanted. The Low Range kit is more expensive, but it worked for me and the other spacers would not fit over my factory bump stops. If you spend a bit of time on the site that Fordem recommended, you will find spacers that will work. You don't need a lathe to turn the lengths down. You can scribe the length on the spacers and use a belt sander or other means.
The lift can be completed without a spring compressor, but it is much safer and easier with one. You can rent a spring compressor from your local chain auto parts store. The HF spring compressor needs to be slightly modified to compress the front springs far enough to insert the spring into position. The back corner of the clamps need to be ground with an angle grinder, otherwise the corner hits the next coil. Just use the grinder to round the edge enough to clear the next coil. You are not reducing the thickness to less than any other part of the compressor. You may not have the same issue, proceed at your own risk, blah, blah, blah. If you do have the same issue, it will be evident when you try to install it. Test your suspension with no springs, so that you can determine the required length of bump stops and limit straps. I also used the Low Range extended front brake lines.
With all your parts and tools on hand, you can complete the lift in one day. If you have a reasonably capable person to help, you can finish before lunch. With two people, you can lift one end and each work a side.
Read through BRD HNTR's and his son Drone's build threads. They are very informative.