This all has been discussed but sure lets hash out our suspension geometry again.
Adjusting the torsion bar bolt will re-index the torsion bar raising the truck and limiting down travel of the suspension.
Adding torsion keys re-index the torsion bar without cranking in the adjustment bolt. Raising the truck and limiting the down travel.
Thus both do the exact same thing.
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Chevy trucks have issues with adjusting the keys, it hits the cross member not allowing full adjustment. Thus why lift keys came about. The same company's made them for Ford trucks because well more money. The way the ranger cross member is designed you don't have that issue of limiting adjustment.
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Here is stock key and lift key showing the hole has been index thus allowing the lift. FYI this is a Chevy key
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2000 Ford Ranger XLT 4x4 Offroad, 4.0L ext cab, Converted to Manual M5OD-R1HD.
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33x13.50 Toyo M/T, 15x10, Body Lift, Rebuilt OHV, JBA headers, Hurst shifter, Warn VR10000-s, Class 1 bars, Belltech Shackles, Mustang GT rear disc, Level II hooks, Modded rear hitch, Custom front hitch, Level II Blue seats and black console, Explorer IRS rear cover, Extang fulltilt, Leer Cap Yakima Roof Rack, Cobra 29 with firestik stake mount, Scangauge II
Few mods