Shackle lift.
#1
#2
You can put the hitch back on autozone sells the shackle and your shocks will work
http://www.autozone.com/autozone/acc...er=204654_0_0_
http://www.autozone.com/autozone/acc...er=204654_0_0_
#3
#4
I would not recommend cutting anything off, if you cut the heads off the bolts and you find they are seized up then you may have extreme difficulty getting things to come apart. Mine were seized up so badly inside the leaf spring bushing that i had to both twist at the head and hit from the end of the bolt to get it out. After I figured out the technique then it was all cake. But yes you can reinstall your hitch.