That is what I have done and still have it installed. I did a body lift (1.25") and a motor mount lift (polys- lots of vibes) for my 2"+ suspension lift. I use Rubicon coils with 2" spacers for a lift.
Look at it this way, you lift the front (engine) to gain angularity of the output or you lower the back mount (trans skid). Should be same results, or at least real close. With a body lift, it should come with a bracket for the shifter mechanism cam. The cam is placed between 2 brackets - 1 on the trans, other on the floor. When you separate the body from the frame, you put this cam into a slight angle. Some have no troubles, but I had some troubles. Even with the little bracket installed, it was not low enough to work with my situation. This could be based on the holes in the floor, the condition of the trans/engine mounts, etc. So I installed a shifter relocation bracket. It removed the floor bracket all together and simple to install. All this was 5+ yrs ago.