True that! But Ford wanted the Raptor to ride relatively smooth off road. And that takes suspension compliance. So, putting in heavier, stiffer leafs would lessen the compliance. That’s the main reason for the new coil sprung rear suspension. Four links and coils locates the axle, yet allows easier tuning of compliance. Add live shocks, and you can now manage that compliance.
So, what you called , “Ford cheapened out” was almost a necessity at the time. And remember, it was always thought that coils were not up to Truck duties, since every truck that is out there, at one time or another has been burdened with weight well past the design limits.