Not really. The clunk, in essence, is simply the slider sleeve of the driveshaft sticking in a forward postion from it's seat against the rear differential. The "clunk" you feel, is when that slider sleeve releases and hits against it's seat. That is the core of the clunk. Now, lexus has also added updated rear cushion bushings in some of the rear suspension components to help as well. But at the end of the day, it's a sticky driveshaft slider yolk. The 4runner guys, me included, simply go buy a $20 grease gun and a tube of Mobile One Synthetic grease, and "inject" it into the greasing points of the driveshaft every so-often "usually around 5-10k miles, depending on how bad it is". This temporarily fixes the slider sleeve from sticking, and it seats correctly, but it's only temporary. Think of the drive shaft as an accordian, which expands and contracts with the travel of the rear suspension. The lower the suspension, then the short the distance from the rear differential to the center differential "the two connecting points of the driveshaft". In that, there are parts that are supposed to slide back and forth in concert with the movement. Sometimes some of those parts get stuck, and "clunk" when they release. This driveshaft is the same setup that has been used for years across the Tacoma, 4runner, GX470, and quite possibly the other rear wheel drive truck-based vehicles of Toyota. But to answer your question, you can see where the variable height setting could be considered a problem, as it will adjust that distance bewteen the center diff and the rear diff, causing the drive shaft to expand/contract. But if you asking the advice to replace variable height sensor to fix it is correct, then I would have to disagree.