Hi Shayne. I wondered if you have got any further with this plan? Are you intending to try the chain swap without removing the box from the vehicle?
I only ask because I've got a very similar issue - moderately bad transmission shunt that requires very careful clutch use (even then it still shunts sometimes when the clutch engages), which is completely absent with front prop removed, slightly worse with rear removed (thus isolating it to a front diff or front prop side of transfer box). There's relatively little backlash apparent at front diff pinion flange (so unlikely to be a diff problem), but there's around 10mm or more play when comparing front and rear output flanges from the transfer box in HL (I don't know what's normal spec, but that seems excessive and suggests chain wear/slack to me). With the centre diff unlocked there is some worn chain noise when turning the front transfer box output flange by hand with the prop disconnected (again, I don't know how much chain noise is normal but it all points to a slack/worn chain I think).