How much clearance do you have before hitting the bump stops on your lower arms?

you should have enough clearance that it never comes into contact with metal....if you look around the lower control arm pivot shaft on a 340 car you will see extra gusseting has been added at the factory where a slanty or 318 k frame do not have this...I have seen the lower control arm pivot sleeves completely ripped out of k frames before

Agreed 100%. . There is a measurement for street use. It is reached by getting the ground height difference between the lower bushing pin and the ball joint. If you want it lower do what ever you like. Its your suspension and tires