Well, the shocks can be shot and the springs still be fine, but leaf springs DO fatigue and sag over time if heavily loaded. If the rear is dragging it's the springs that are tired, while if it pogos up and down over bumps the shocks are shot. If both conditions exist, both springs and shocks are shot. Springs can be re-arched. The thing to remember is that, normally, the shocks do not bear any load. Installing air shocks and pressurizing them to bear load removes load from the springs and spring mounts, which is fine so long as it doesn't break the shock mounts. Evidently some guys get away with it.
Jack