I used a come-along to pull the axle a little bit in order to line up the bolt for the rear sub-frame bushings. (Make easy work out of it.

)
For the rear trailing arm bushings, I used a section of 5/16" all-thread, 3/4 dr. sockets, a couple of nuts and a bunch of washers to press the bushings in and out. With that set up, there is no need to cut the lip off the old bushing. MB spring compressor is definitely required.