Yes, it levels the car out without altering the front suspension geometry. I had Steeda sport springs on the front and rear and recently reinstalled the stock springs up front. Of course, I have the added weight of the Whipple kit, but it looks great. My son has the same set up with a Procharger. The cars just look level now. I know a lot of people end up with tires that are shorter than stock which may not work, but my tires are a bit over 27'' tall.
This is a route a lot of people have been taking recently. It really helps out when you have an aftermarket front fascia or chin spoiler that has the front end lower than stock too.