"I" would pull the cover, inspect all the gears--ring, pinion (hard to see) side and spider gears. You don't want to see something like this:
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Pull out the axle shafts, make sure the bearing and seal surfaces are acceptable. Again, you don't want to see this:
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or this:
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Fix whatever you find to be defective...but...I would not replace bearings or seals unless you can prove that they're worn.
Expect to need to do brake work--wheel cylinders, shoes, inspect/turn/replace drums, springs and hardware, flush the brake fluid including using a scan tool on the ABS, etc.
Fresh gear lube and a gasket on the cover. Four new U-bolts, and the U-bolt plates that came on the 14-bolt semi-float axle. A conversion U-joint, Precision 441 or equivalent, I think. Re-use your park brake cables unless they're worn/seized. Probably fresh rear brake hose, and brake tubes from hose to wheel cylinders.
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