The main problem in lowering a Datsun/Nissan with the A-arm rear suspension is that you start to toe-out the rear end. Lowering lowers the centre of gravity of the car (good thing, generally), but also affects the roll centre (probably a good thing).
The K springs are probably a softer spring, which is probably advantageous to get the arse to squat under acceleration. From experience, super heavy rear springs prevent the rear end putting power to the ground, especially in the wet.
Cutting springs is not a problem, as long as the spring can remain captive at full droop. It gives a "stronger" spring as well.