Interesting, thanks! Since custom axles are being made anyways, no reason the diff can't reside in the same spot as the original...
I've been reading up and, like this thread says, 7.5s can be a weak point. Interesting site, looks like the LN60 and LN61 are the Aussie versions of the firstgen 4runners. That'll help my searches.
I've broken more than my share of D44 axleshafts (front), it's feasible my 7.5 won't find me the easiest of owners either.
Exploring whether a Total Chaos Caddy II kit is the right way to go for me. Big bucks tho.