Well I found some ambition after work to bust my knuckles on the Jeep a little bit and get the motor mount lift done. It was very straight forward and the install went pretty smooth. Anyone with a tool set, a jack, and a hack saw can do it. It took about 2.5 hours between wrenching and some BSing with my buddy and dad.
Here's a little step by step write up for anyone planning on doing a JKS Budget Motor Mount Lift:
Step 1. Loosen your transmission mount nuts which are accessible through the bottom of the transfer case skid. This will prevent damaging the transmission mount upon raising the engine. It is also a good idea to unbolt the fan shroud at this time. This will prevent the fan from pushing up against the shroud when rotating the engine up.
Step 2. Support the engine under the oil pan with a floor jack and a block of wood. There's no need to raise the vehicle, just lift the jack enough to support the engine.
Step 3. Now it's time to remove the nut off of the motor mount cross bolt. Leave the bolts in and just remove the nuts.
Step 4. Remove the top bolt (there's one on each motor mount) and the bottom stud nut (pictured) from each motor mount.
Step 5. Now you can remove the motor mount center bolts. On the driver side, the center bolt will come out smooth. On the passenger side you'll notice that the bolt runs into the alternator about half way out (pictured). You can get the passenger motor mount out one of two ways. You can either remove your alternator or remove your motor mount bracket bolts on the engine side and remove the entire assembly. I chose to disconnect the battery and remove the alternator as the bolts are easy to get to. Upon re-assembly, I put the bolt in the other way so that if I ever need to replace the passenger motor mount, there will be no need to monkey with the alternator.
Step 6. Now that you have your motor mounts out, you'll want to remove about a quarter inch from the mounting studs (pictured) so that the new bolt extensions can thread on all of the way (the stud is initially longer than the female end of the bolt extension). I used a hack saw but you could also use a cutoff wheel or a grinder. Be careful not to damage the threads when shortening the studs.
Step 7. Put the motor mounts back in with the new lift spacers underneath. Start by loosely putting on the nuts and bolts. The cross bolts will go in last. The first one will go in easy. The second cross bolt may be harder to line up but by moving the jack up/down you will eventually get it in. Once all of the nuts and bolts are installed, go around and snug all of the bolts, let the jack down, and give the bolts a final tightening. This is also a good time to go ahead and re-tighten those four transmission mount nuts that you loosened earlier.
Step 8. Reinstall your alternator if you removed that during the process...might as well check your belt tension while you're at it. If you installed the motor mount lift in unison with a body lift, then put the fan shroud bolts back through their factory holes. If you're installing the MML without
a body lift, you will need to modify your fan shroud to accommodate the new height of the engine.
Step 9: Make sure all of your bolts are tight, make sure everything clears, start the engine and take it for a test drive!