I wouldn't bother with those axles, based on the limited info you posted, they are most likely a 10 front and a SF 9.5" 14 bolt rear, niether axle has a huge amount of aftermarket support and the front is prone to exploding with any tire over 35" and a locker. If I were you, I would move on to a different vehicle. if the rear is actually a FF 10.5" 14 bolt, then I would keep that and start looking for a D60 front. as for the motor trans and t-case, assembled, it should be slightly shorter water pump to tail shaft than a 4.0, aw4, NP231. so your driveline length is not an issue... but the motor is, any 350 from 73-87 (which I am assuming your truck is) is kind of a dog of a motor, reliable, but way under powered. For less money invested, you can get into a Vortec 5.7 or a 5.3 with EFI and have more power.
For a trail rig, I would keep the trans, for a daily driver I would look for a 87+ 700r4 for the OD.
The 208 is a horrible case period.
This is my opinion, feel free to disagree.