If yours is the same as my car, only rubber touches the sway bar. Any minor distorsions should be self adjusted by the rubber "giving in". The way I did my car was by unbolting the outer bushings first and then the inner bushings. Reassembly was inner first and outer second. I did it on a lift but, the final adjustment/tightening was with the wheels on the ground, because that is the way the sway bar is going to stay...
Good luck!

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J.H.
'86 300E