That means if you move the rear inward 3/4 inch, at midpoint you only gain 3/8 inch. If you want to obtain 3/4 inch then you will have to go with the relocation kit. That would put a lot less stress
on the front bushing and bolt as well.
True, but E body springs are splayed wider at the back. So while you may only move 3/8" at the axle centerline (which is in not the spring centerpoint, BTW), your gains in the rear segment where the tire will actually hit will be more like 5/8" to 11/16" depending on how tall your tire is.
You'll still need to alter the axle hosuing seat location with this method, so if your going to that trouble, you might as well go the full 3/4" route.