We don't have a lot to go on as far your vehicle information goes, but ATF in transfer cases is not uncommon. Same goes for the metallic looking sludge that accumulates on the the magnets. What I see on the plug itself wouldn't give me any cause for concern. Did that little shiny piece off by itself to the left of the magnet come out of the differential, or is that some debris that was on the ground when you took the picture? Even if that is a chunk of metal, I still wouldn't go tearing the diff apart if it's not making strange noises. Sometimes what looks like a small piece of metal is actually a chunk of that same metallic sludge. If you can crush that piece, then that's all it is.