I am in the midst of the same thing now. I swapped in a 14B with an NP205 center output though. Also did a springover. Still looks like only about 1.5 to 2 inches needed.
Basically, all you need to do, is to jack up the truck and support the frame so that you get full droop. Do a measurement, then do the same at full compression. You just don't want the driveshaft slip joint to either extend too far that it pulls out, or compress so much it bottoms out and damages the transfer case.
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