The key here is spring rate. What rate do you want? Figure that out and you can calculate how much to cut (for those of tyou who don't have the formula, it can be found
here.)
Now you know what the rate is, what about the ride height or the spring's free length? Doesn't matter because any changes here (short of heating the spring, pulling it or re-winding it, and then re-tempring the steel) are impossible. You get what you get. And if your spring rate needs to be fairly high, chances are good that you'll be cutting so many coils off, that the spring is now too short for the car to sit where you want it, or in extreme cases, is so short that when the rear suspension unloads, the spring falls out -- how embarassing!
There's a reason folks buy aftermarket springs instead of cutting their own -- the aftermarket manufacturers have designed springs that not only have the higher rates needed for different applications, they also have wound the spring so that its free length and the associated ride height are both in the ballpark for most customers.
Now, if you're fighting oversteer in a Fox or SN95 Mustang, you need to do a LOT more than get the spring rates right. However, if you're tryong to do this on the cheap -- get rid of the rear anti-roll bar. That will soften up the rear suspension a bit and give it a little more grip. A rule of thumb is if you need more grip at one end of the car, SOFTEN that end of the car, either by going to softer springs or less anti-roll bar. (Dampers can help too, but only during transient situations -- once the car takes a set, the dampers are largely out of the equation.)