There's more room than I thought and if you notch the pan even more. That looks like a 4x4 or Bronco pan, which was rear sump. Moving a rack is not a small undertaking, if you are going to do it you need to fix the steering as best as possible. Checking this image, there's actually a good bit of room to notch the pan in the area where it needs to be done. No, the circle is not where I'm talking notching! That was put there by the guy I stole the image from. 
A long shot but one to think about: you might be able to lower the rack and help with the clearance issue yet keep the steering geometry in good shape.
Here's what I'm thinking:
The steering tie rods need to be parallel with the lower control arm. In your pic here, they look pretty close to that ideal.
If you need to, you should be able to take the bolt on steering arms and swap them side to side. This will turn them upside down, meaning for the tie rod taper to fit the outer rod ends will be flipped over. This means you could lower the steering rack ~ 2" and still keep the tie rods parallel to the lower CA's. The only problem MIGHT be that the rack would interfere with the lower inner control arm bushings. If flipping the arms can't be done, the holes can be filled with weld from the top, then they can be taper reamed from the bottom. Speedway Motors sells the tapered reamers.