Guys, any recomendations as to raising the rear leaves more than usual, which is in-expensive, and fairly quick.

I know that now days, guys like lowering their suspension to make their cars look nicer, howver I feel that an old car like my 1200 looks best with a rear endraised, plus Ive justed put in 15' Blade mags with 40 profile tyres.

Oh yes, another thing, is that how easy is it to change wheel studs in front and rear whithout taking of the wheel bearings etc?

Well, for the old school raised backend look, use the old school method: Use longer rear shackles. It might also be possible to mount the axle below the leaves.

Dude,
you might think it will look good but your handling will suck. It will also load up your bushes in the shackles and cause more whip in the tail - not good.
As far as changing studs is concerned, for rear end you'll have to take the complete drive axle out, and at the front you'll have to remove the hub assembly including the bearings to get descent access.

Rob.