JD,
Using "drop spindles" is the right way to lower the front of an Alpine.
According to WSM-124, the S-II only has 2.12" of suspension compression ("bump") at normal ride height and using shorter front springs reduces the available compression travel. Lowering your S-II front end by 2.5" would put you on the bump stops with no remaining compression travel.
You may get replies claiming to have lowered the front end with shorter springs and not reducing the compression travel, but I do not see how that is possible without significant changes to the front suspension package.
The appropriate drop spindles exist (unicorn status), but they are rare and only fit the later "ball joint" style front suspension. At the very least, you would have to change to the later style upper and lower A-arms (with conventional ball joints) to use a "ball joint" spindle. It might be easier to use a complete front suspension assembly from a later series "ball joint" Alpine.
The attached picture shows a "ball joint" Alpine spindle and a late ('65 & up ???) model Hillman Minx spindle. Can't remember where the picture came from, but I have had it for several years. Anecdotal information indicates that the "drop" is somewhere between 1" and 2".
HTH