Sounds like a pretty good deal on those coilovers Paul. I assume you set the car at your desired ride height and measured the shock length. We usually set the front at about 12" with the lower a-arm level and the rear I believe is 13 5/8" with halfshafts level. Of course you can run it a little higher if you want.
As for springs, I believe we have found that 450# works well in the front with an LS engine and 500# works in the rear. For some reason the IRS requires a heavier spring than expected. I will be interested to see how yours works out. I have 600# springs in front with the BBC now and I will probably go with 500 or 550# rear springs.