Comment on question #2: Those bolts are for adjusting the spring force on each side of the front suspension. They almost certainly won’t be exactly equal in position. 1/4 inch difference in exposed threads is not unusual.
Generally this adjustment is used to achieve a nominal specified height at which alignment is performed. It is not intended to be used to raise or lower the front suspension height for appearance purposes, although some do use it for that despite the problems it causes. Doing so does not change the upper and lower stop heights, plus it messes up the intended suspension arm geometry, so using the torsion bars alone to raise or lower from the nominal specified height is not the best way to change the suspension height.
It’s never been clear to me exactly what conditions GM uses for leveling the truck laterally. I’m sure their shop manual provides it but I don’t have that. The fuel tank is on the left side, and if you are 200 lbs and drive alone with a full tank, the left side has a bunch of extra weigt relative to the right side. I set the truck laterally level (equal front fender heights) and at the original average front fender height with nobody in the truck and approximately 1/2 tank of fuel when I replaced my camper front torsion springs with standard springs. I did not have to re-align the truck after that change and it tracks perfectly on the highway, so I appear to have come close to approximating the original alignment setting conditions.