Yes, your math is correct. It's not recommended to do that though unless maybe you have a 2WD and don't have to worry about CV's and such.
The 448 coils should be on the GS59-700 struts to give 3" of lift. Or you could use the 300 coils on the GS59-574 struts to get 3" of lift that way (2" coil + raised height coil seat = 3" lift). If you put the 448 coils on the LT struts, but added weight (bumper/winch), then it would drop down the height and you'd have a comfort ride coil still but holding the weight. That's what we're running on our company T4R right now, and with the bumper and winch (180LBS or so) we're at about 3.25" lift with those 448 coils.
Or you could put the 448 coils on someone else's long travel struts, like the Bilstein 5100's. There's a guy on here just about to do that