well not exactly - I say both must be handled if lift is the desire.
1. Leave vehicle in Low (no AHC pressure, sensors no effect).
2. Level side heights (eg. cap-center to wing) with T-bars.
3. Set vehicle in Normal with started engine. Adjust sensors to desired height, make sure vehicle is still in level. Always turn off and restart engine and measure again to make sure it still levels, and check that all the height settings can be reached (control light blink while changing, stable when height is reached).
4. Adjust T-bars equally much in each side to useable spring/damper rate.
Issue-3 can give trouble if one sensor is out-of-bounds as the other side may try to compensate. I put my sensors on with all nuts but tightended the adjusters all the way in, making the adjuster-pin as short as possible. This will IMHO also give a lift within reason and no bad side effects as I can see it, but will not allow for 35" tires either (I dont know what will, BTW, apart from Arctic Truck like modifications).
Issue-4 should be done with care - I believe a quarter of a turn on the T-bar bolts makes quite a difference. You have the option of setting your total suspension a little softer than normal by letting the T-bars carry slightly more, or setting it a little firmer by letting the T-bars carry as little as possible - the vehicle should still be able to rise to max height without trouble, and there should always be damping too.
If your sensors are on their way to the land of the great Toy (abandoing usefull life) it may be impossible to make this work. So make sure you try out your suspension for expexted firmness (not too hard in one or both sides, not too different in damping/firmness between sides) before altering anything.
If in any doubts or you get into trouble, you could try to contact the Toy shop and let them measure things out - they may have no clue on how to set the height as you want it, but can check that both sides are equal in their view of the world, and that the sensors are actually working (for most of the time, that may be, in the start of failure period it may apper to be periodic of limited to a very narrow measurement are that may not be observed on specifically)
If you dont get a 4-wheel measurement afterwards you may have a reduced tendency to self-correct the steering at the very outer limits. Other than that I have found no practical side effect, no uneven tire wear or the like. Well, I did have mine measured, but the adjusters where all grown together and the need for adjustments where within limits, so....
Oh, might I mention that an all-new demo RR-HSE had similar steering behaviour? For the fun I went in to give the dealer a chance to show me something better than my Toy, and he nealy jumped of exageration - until I came back after the test drive and told him that this and that was out of function. On a demo vehicle.. shame on..
Of course the lift will give a higher travel allowance on bumps (more speed to bottom-out) but it will jump away from 'way' sooner on the down-side (holes). To me this is better than before...
Have fun with it..