Looking at my GTO from the side, the top of the rear wheel is just about in line with the edge of the painted fender. The front wheel has about an 1 or more of daylight between the fender and wheel. It just seems odd that the rear sits lower than the front, is this normal, or is something out of whack with my GTO?

You need more room for turning in the front. The tire needs to come out of the fender. Not in the rear.

Tthanks for the reply TheJizzer, just wanted to make sure it is normal. Coming from trucks, know it is completely different, but many have been known to need T-bar adjustments to make the sit level side to side. So figured it could be a possiblity the rear springs could of needed adjustment on the GTO.

I cannot sware yours does not have a problem (for obvious reasons :) ) but It is normal. That is why a lot of guys put 18" on the rear and 17" on the front to try to balance out the look.