2004 v70r wiht an elevated rear suspension. Best way to bring it down even with front? Adjustable?

 

If it is anything like my 1999 s70 awd. I assume that the 04 R is AWD as well you cannot truly lower the rear.

See the front is regular suspension and you can lower the front. However the rear is self-leveling and you cannot truly lower it at all.

Now people on V70R.com have said they can, but I really haven't seen it done. Personally I wouldn't worry about it.