i used chain with the same concept in mind as a traction bar, when going forward the force on the chain is a "pull" so it really doesnt matter if its solid rod or chain. made a bracket that attaches on top of the axle between the U-bolts for the axle attachment point, for the forward attachment point i took some angle iron, added a small peice of metal as a brace in the middle of it and it bolts to the backside of the front spring hangers. (did this while doing a front spring hanger replacement.) at the front is a threaded eye so i can draw up the tension on it. does make the rear suspension a little stiffer, but no axle wrap!
my first attempts at this used a beam clamp to the rear of the front spring hanger, it worked bout would bend the hanger. i also had a issue with the eye attachment point at the axle break. i now use a quick-link to attach the chain to the axle end instead of the lifting eye i used, and with the seperate peice of steel as the front attachment point things seem to be staying together well. lst i knew the james duff traction bar kit was somewhere around $100. ive not kept track of what ive spent with my chain setup, but im sure it would be way under. most of what i used i had laying around, only bought the thresded eye ends and quick links new.