2012 raptor or new 2017 f150

test drive them see what one you'd rather have. That's what I'd do

That's a heck of a find. One more thought, you can always go get the new truck. The Gen 1 Raptor, not so much

what's the cost on upgrading or rebuilding the shocks

Wilson said:

test drive them see what one you'd rather have. That's what I'd do

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best damn piece of advice i've seen since raptizzle's diy stubby install

Then get the Raptor.

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You could find a leftover 16. Unless you want a 17 due to the 10 speed. 16 has the new sync fwiw.

Drive both, see what fits your needs and wants. The newer f-150 is lighter, gets better mileage, warranty etc.
Raptor looks cooler, ready for any type of offroading and is an awesome all around truck.