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Yes, ride height can be adjusted.
I'll be honest though, after a while, you won't want to mess around with adjusting the ride height and dampening (although the V1's don't allow you to adjust dampening). You'll get tired of it, and I'm quite sure 99% of coilover owners just "set it and forget it".
Plus, after a while of driving and a season or two of dirty post-winter roads, they will become more difficult to adjust as dirt and grime will make it's way into the threads.
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