This will require some discussion on the optimal flat-spring
shackle angle. I say 50 ~ 60 degrees. Steeper angles should make for a slightly harder ride. Ride height
shackle angle will depend on ride height spring arch.
Your full droop
shackle angle really shouldn't go beyond 90* (straight up and down). To determine a good
shackle length, measure your springs eye to eye (straight line, don't follow the arch), and if this length is less than your spring mount to
shackle hanger seperation, try a longer
shackle.

H = Sin(A) * L
Or, where SpL = spring length (dead flat), and MH = the distance between spring mount and
shackle hanger:
MH = SpL - Sin(A) * ShL
For example, when using 47" waggy springs, 5" shackles, and a 60*
shackle angle (with springs flat), the distance between spring mount and
shackle hanger should be:
MH = 47 - Sin(A) * 5
MH = 47 - .87 * 5
42.65" between mount and
shackle hanger.