One of my "dream" trucks would be a lowered K5 with an AWD drivetrain and for it to be powered by an 800+ hp big block. I just think that would be a one-of-a-kind badass ride.
He'll yeah, same vision (mine might have been a couple hundy less on the HP but I can adapt).
And as Retro said, I've seen many lowered IFS 4x4's but not Straight Axle 4x4's.
IMO...a 70's - 80's 4x4 with late model or custom long travel IFS with an aggressively lowered stance (kinda like a trophy truck) would be sweeter than bad a$$. Actually it's all the rage in extreme off road racing currently. Maybe 8 years ago Walker Evans did something many believed, at the time, to be crazy and built a competition rock crawler that was IFS. It was different and many didn't get it because, until then, most crawlers that were worth a damn were straight axle (even converts from IFS).
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The setup was extremely successful however Walker ditched it and went back to a solid axle setup a year or so later because the setup and tuning time necessary to dial it in for the variety of courses was excessive. Some years later in what's think was the second year of King of the Hammers, another guys named Shannon Cambell rolled out his new IFS pimped rig and, to the amazement of just about everyone, he killed it.
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IMO both of these rigs qualify as lowered given their stance. Obviously the pictures show some serious fab skills and, no question, to pull it off it, you'd need to put on your thinking hat. Even the more likely conversion of a SOA rig to late model IFS would come with its share of challenges (like frame considerations, donor vehicles, and the need for some fab skills). Regardless of the path taken, if executed, the project would be legendary x2. A lowered solid axle could be neat however clearance issues might not allow it to become a reality (unless lowered means slightly lower than stock) unless you're willing to bias the motor more to the opposite side of the front diff housing, notch the frame, and figure out what to do with the steering (rack and pinion on a solid axle?). If you're any of these kinds of crazy, I'll subscribe.