What you are going to do with your blazer ? Street truck or off road ? If it's street mainly you can get away with less lift with big rubber , off road not the case.
Your 12 inch wide wheels hang the tire's out a lot more than say an 8 inch wheel , which leads to fender cutting with a lower lift for off road and sometime's on the street as well. Going to larger lift's cost's a lot more money and modifications to get it right for wide wheels with big rubber. Narrow wheels you can get away with less lift and trimming of the body even with tall tire's. Back spacing of your wheels come's into play as well.
With that said , (street truck with 12 wide wheels) , I would go 6 inch, (soft ride) lift spring's and then take those and put a 1 inch 0 rate block under them, (front and rear) with a new center pin , then you would be a clean 7 inch lift. Then for steering I would go a 2 inch drop pitman on the box and a 6 inch raised steering arm on the axle. Then I would chuck the sway bar in the trash, (not needed, imo). Then brake lines , (longer) , e-brake cable's , (longer) , drive line's , (longer). Then check everything out for clearance ,(should be good). If you need a little more lift then do the 1 inch body lift like , (hot rod pc) said.
12 wide wheels are the hang up for needing more lift , so for the street you need 7 inches of lift with 37's on 12 wide's to keep from cutting you front fender's and you could still do mild off road stuff as well but make sure you have some room at the front and rear of your front fender's when turning.
Off road is a whole different deal , you will need more lift and cross over steering and more modifications for your k-5 to be done right.
My k-5 has 9 inches of lift , t-case drop , cross over steering , etc... with 10 inch wide wheels and 38x14.50 tire's , with cut front fender's and it still rub's off road a bit , but it does not hit doing mild off road and street driving and thats with only 10 inch wide wheels.
Here is a pic of my blazer , (I wheel this rig all the time and it's great on the hwy.)
Hope this helps you out.
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