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It's a much softer ride, a little more droop, and it (seems to) eliminate axle wrap. Definitely more work than just swapping in new Deavers, since you have to remove the old spring plates, relocate new axle spring plates & get the angle right before you weld it on. You lose payload, (Deaver can tell you how much), but at this point you can get a really plush ride that doesn't seem possible in a pickup.
Really good video of a spring under Ranger prerunner. They get to the good stuff at 8:00min in:Pictures