Pissing money away? I'm running a spacer lift with a 1" BL and have gone everywhere my friends have! And if you want they'll chime in here and agree! I'm not saying it's the best route to go to get lift, I'm telling him that if it's just for looks or money then its a fine way to go. I went with the 3" spacer lift because at the time I couldn't afford the adjustable coils. But come the end of this summer, I guarantee you I will have Adjustable coils on my rig. BUT after my spacer lift, I also added a 1" BL. So I'm not just trying to sell the BL. Adding the suspension lift was my best decision in my eyes.
GOTBOOST, decide what you want and do what you want. You wanted the brush guard so keep it. If you want lift decide what lift. If you only want body lift, then get body lift. If you want to actually off road and get more clearance, then get spacers. You are doing a different route with the spacers in the rear too. I didn't do that. I just did the spacers up front but did a whole set up in the back just so i could get the adjustable coils in the front in the future.
In my eyes, if you want to get a small lift, but keep the overall look of your 4R but want to do something for lift. IN MY OPINION, go with the spacer lift.