Hey Dave’s1971, as you can probably tell from the humorous answers, yes we’ve seen it before, but no it’s not correct!
It’s probably safe enough to get you a short term fix, but wood is too easy to compress, wear down, and even break under the wrong circumstances. So as soon as you can, remove the wood and replace it with something correctly made for that function.
These would include either a replacement cast metal block (not aluminum for 4-wheel drive trucks normally) of the correct thickness, or a replacement set of springs to give the same amount of lift, or even an add-a-leaf style of helper.
The decision may rest on the overall condition of the rest of the components. Or your budget, or just your preference.
You can measure the distance between the top of the axle tube and the bottom of the frame rail at all four corners to give you an idea of how much suspension lift your bronco already has. Measuring all four corners will also give you an idea of whether or not it’s sitting level.