We owned a 2003 Pleasure-way Excel for 2 years and about 8000 miles. It handled very good. It didn't have the rear wheel spacers. Pleasure-Way does have recommendations on the front alignment specs. Running the rear tires at the max pressure (80psi) and the front at 65 is the ticket. The air bags should be about 50-55psi.
If you do decide to add wheel spacers, avoid the China knock-offs. The prices are very inviting but what you are really inviting is your own demise. Make SURE they are Made in America....not "assembled in America". Stay safe and good luck.
Also one word about Pleasure-Way....Very well built. We sold only because we want something larger.
John & Gloria
South West, Florida
2009 Leisure Travel Serenity