Change Faucet Spout Only?

I have a new faucet in my deep sink in the laundry room. The problem is, the bucket does not fit under it, so I need to raise the spout part. The current spout moves left or right, and there is a nut that appears to hold the spout, so would it be possible to change the spout only, without extensive work?
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
Add image file
Upload is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.