This should answer all of your questions and give you a ton of ideas on how to properly execute front leafs:
The front leaf spring thread. who's doing it now? what have you learned?
I have done front leafs... and certaintly you can do it "cheap cheap cheap". But be careful or it will turn out like ass ass ass. Of course there are many folks out there who just seem to score awesome deals on good parts... but if you are purchasing new like I did, you could run upwards of almost $500. I estimate thats how much my suspension alone ran me. Not so cheap anymore when you compare that against buying some coils, johnny joints, and tube.
Good springs, 14" travel shocks, u-bolts, spring plates, perches, bushings, metal, wire & gas for the welder, assortment of grade 8 bolts, another assortment of grade 8 bolts because you bought the wrong ones the first time, shackles, blah blah blah.
Good luck, post up how it turns out.
-jm