I have done it the subframe dropping way several items and it is far easier than what you describe here. No suspension disassembly no removing driveshafts, etc. The exhaust you just unbolt from the back end of the DP's and let it hang. You can remove rear muffler hangers if you want to get a little more clearance. You only unbolt the subframe, not remove it, and let it hang down a few inches for some clearance. Make sure the motor is supported obviously. I prefer using the hoist that sits across the upper fenders (cheap from Harbor Freight here in the US) but you can support it on blocks underneath if you are careful. Done it both ways, the hoist is easier, more room under the car.
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