Ok, I'm not a wrencher, so take this with a grain of salt, but I downshift and use 4x4 high sometimes when other people wouldn't.
I believe that more than the brakes and transmission are involved. The forces applied to various parts of your truck as you're driving down a steep hill (how many tons do our t4r's weigh?) can be considerable. Other areas see that stress, I reckon, like motor mounts. By using engine braking, you're spreading out those forces through the entire vehicle, instead of just on the brakes and associated components.
Ok, those of you who really know this stuff, feel free to correct me if this is wrong, lulz.