It says in the description, "This product will increase ground clearance by about 2" over the factory skid plate."
So with your 1.5 inch spring lift + this skid plate you will be raising the rear transfer case output shaft at least 3.5 inches above the rear axle from stock.
You're going to need adjustable control arms to set proper drive line angles. A 1" motor mount lift is intended to reduce the angle of the rear transfer case shaft so you don't have to rotate the rear axle pinion upward quite so much.
I did a 3" spring lift on my Rubicon, which has a fixed rear yoke transfer case, and even though I had a 1" MML and adjustable control arms the rear stock drive shaft u-joints began to fail after a few months because of the increased operating angles. Per Spicer, anything over 3 degrees from straight significantly decreases u-joint lifespan.
I recommend you just bite the bullet and do a SYE and double cardan driveshaft before lifting things any further so you don't have to worry so much about the extreme u-joint angles in the stock rear drive shaft.
There's the right way to things, the cheap way to do things, and the wrong way to do things. The wrong way costs more than the right way. A SYE and a double cardan drive shaft is the cheap way. The cheap SYE is a hack and tap.
The right way involves a complete custom welded suspension, atlas transfer case, and Dana 60 axles with 40 inch tires. $$$