That is basically what I am doing with the Bronco. Since I am doing an rear axle swap anyway, I am replacing the factory perches. The perches I am using will sit lower on the axle tube and are longer. This will help with axle wrap. I am not doing custom springs but using off the shelf springs that offer 2 inches more lift than the front. To correct ride height I am replacing the rear hangers and shackles. By playing with the rear hanger length and position on the frame plus longer or shorter shackles, I can set ride height wherever I want and also gain axle droop. All this without sacrificing compression. Flat spring is flat spring. I will have to decide if I want to compensate for loaded vs unloaded height. Depends on how the vehicle will spend most of it's time.
I hate overload springs as they make unloaded ride harsh. I do have an idea on how to adjust loaded ride height without compromising ride quality. It is rather complicated and takes some research to gather the correct parts to do it. I hate to mention it, because when I do the first image that pops into people's mind is low riders or devices that end up limiting compression distance travel. Airbags!! Yes I said it. Good quality long travel Firestone and Goodyear air bags are available but it would be 100% custom. Most air bag kits use a generic bag with a spacer to sit on top of the axle or spring pack. That spacer will limit travel distance place you may lose droop if they used a short bag. You don't need large diameter heavy duty truck or bus bags. You only need to compensate for the additional weight.
One thing you may find with re-arched springs with higher than stock height is the shackle angle may end up wrong as the spring will be shorter eye to eye. Also it may cause a shift in axle location as most factory springs the spring is shorter in the front than the rear.