I wouldn’t install a new torsion key until I had first just cranked the torsion bars. Despite what anyone will tell you, there is no difference between cranking the torsion bars versus leaving them un-cranked and replacing the keys. One is free, one isn’t. Either way you will probably need an alignment afterwards.
To make your front end components last as long as possible, you typically want your CV shafts to be straight across from the differential to the wheel. Cranking the torsion bars higher will make your cv shafts operate at an angle. This increases the stress on them, and is compounded by when you turn the wheel. Also your ball joints aren’t designed to operate at these higher cranked angles, so you will accelerate the wear on them as well. Lastly you are changing the path the suspension travels based on the arcs the control arms are following, thus usually when you crank higher the ride will get rougher.
The general consensus is that 1” of crank (usually takes about 6 turns per inch) isn’t too bad, 2” will really start to wear components out quickly, and more than 2” is asking for trouble.
In fact most of the times you can get more lift out of your torsion bars than you need, and replacing a key will just allow you to crank more than you need to.