Hi Gary,
2" sounds a lot, it might be worth asking what that number is based on. If it's just "it looks too high compared with others I've seen" then it might be that it's a perception thing and there's really nothing wrong. There were mechanical differences between the S2 & TC cars and generally speaking the S2 looks lower (and "proper" ) at the front compared with the TC, which can look nose high. In fact there was a comment by Graham Arnold in the Club Lotus mag that the TC Europas should look high at the front.
Having said all that, I'm not convinced the nose-high stance is to do with handling or construction regulations that Lotus were battling at the time, and perhaps it's noteworthy that it was on the TC where the front spoiler made it's appearance to improve stability at speed.
However we do have some references from the period to go at. Several road tests of the period show side elevations with measurements, I've added the one from Motor which very handily gives measurements taken from the ground to the centres of the bumpers (plus lots of others). I had this laminated and in the workshop as a reference when I started work on my car. One thing I would add is that they give a lowest clearance measurement under the front suspension of 4.5". I'm assuming that's under the roll bar and not from the chassis, it's not clear in the article.
However if you have standard suspension there's not a lot you can do about it. I always felt mine was too high at the front and finally it got on my nerves enough to do something about it, which is basically fit adjustable suspension. The second attachment is my car before and after conversion, where it is just slightly lower all round, but more so at the front than with OEM suspension.
Brian