OK ... Facts
99% have been doing this for decades. Rear axle problems on "non-performance" cars are almost non-existent.
BUTTT... When simple engineering principles are applied, there is a fair amount of deflection in the rear axle housing when you do this.
Givens :
Upward force at the jack point (A)....................................approx. 500#
Downward force at each of the spring attachments (B).........approx 250#
Distance between (A) & (B) .............................................approx 2 ft
My guess is if you placed a dial indicator at the center of the housing, set up so it reads deflection from a reference line that remains a constant distance from both spring attachments, the center of the housing on my 8" stock rear end would deflect 1/16" to 1/8"!
That's a lot but it obviously springs back when the car is on the wheels, and it never has caused a problem. The axles, where their splines engage the center chunk, can be moved up and down WAY more than that without binding.