I tightened the torsion bars on my '03 F150, but did not "crank" them to their max level because all I wanted to do was get clearance for my 285/75R16 (32.8" diameter) tires. My truck still sits with a slight rake toward the front, and I did not notice any real difference in how it handled or rode. There is a sweet spot on these trucks where you can increase clearance without compromising durability of front end components. Here's some information from a user on an F150 specific forum who has had expirence with both lift keys and torsion bar crank:
http://www.f150forum.com/f6/truth-about-llift-keys-all-opinions-welcome-56399/index2/
To address your original question about what it takes to fit 35's on your Expedition, I can only speak to what I know about fitting 33's to the front, and the right way to do it will involve more than just a t-bar crank, as several others have already mentioned. From what I can see on my truck, you will probably have rubbing issues on the rear part of the fender well, not just the lower valance. A body lift will help resolve this, but a true suspension lift would be the right, long term solution for a vehicle that will be used and not just looked at.
That brings me to my 2nd (or is it 3rd?) point - at what point is 1" extra ground clearance (33's vs 35's) worth the headache and expense of a full suspension lift? This is exactly the same question I had to ask myself when I started making changes to my truck. I decided to save the $1200+ I was going to use on a suspension lift, and apply it elsewhere. There are a lot of Expo vehicles out there that have similar ground clearance to my truck, and can make it through a lot of terrain. Plus, if you decide to ship your vehicle back home, getting it to fit in a container will be much easier - get a set of used 265/55 (or near/smaller size) tires on some factory steel wheels, and you truck will lose 3" or more of overall height in a matter of minutes when compared to running 33's. If you were running a full suspension or body lift, getting it to fit into a container would be a heck of a lot more difficult and time intensive.
Here's how the ole girl looks today with 33's on her, I have my t-bars snugged to 24" between the top of the fender and center of the wheel.