Like I said in my last post, I'd take a spool (or welded diff) over a locker in a rear axle application any day - street or otherwise.
A spool is going to be much more predictable handling wise than a locker -allow me to explain why:
With an automatic locker (such as a lock right, detroit, etc.), you go into the turn coasting, and the locker unlocks. The axles are spinning at different speeds and you automatically account for this as you steer the vehicle into the apex of the corner. Now, as you get into the gas to exit the corner... wham!, the locker engages, suddenly locking the shafts together. So either the truck tries to understeer (push), or the back end wants to break loose. Either way, you have to immediately correct to keep keep the truck pointed where you want it to. This is something that you need to be aware of, and can be a big handful, especially in rain, snow, or other slippery conditions. The shorter the wheelbase of the vehicle, the more of an issue this is.
With a spool or welded diff, it is always locked, and therefore consistent. You go into the turn with the shafts locked. On hard surfaces, you'll feel a steady resistance in the steering wheel, and as you get on the gas, you will see that it feels very controlled and confidence-inspiring. If you get on the gas hard, the back end will want to come around in a controlled manner... the harder you get on the gas, the more it comes out. Letting off the gas produces the opposite result, the back end comes back in line.
On the street, you will get some chirping in very tight, low speed turns (again, this is worse the shorter the wheelbase of the vehicle), but this is nothing to worry about. You will also see some increase in your rear tire wear, but again, this is a small price to pay in my opinion.
I know, you're probably thinking, "But EVERYONE says spools are horrible on the street... it says right in the description that they don't recommend it for street use." To this I say the following:
You always get these people who bad-mouth spooled rear axles and say they are a nightmare on the street. I can assure you, that these people are either horrible drivers with a complete lack of understanding of basic physics and vehicle dynamics, or those that spend way too much time reading magazines and have never driven a vehicle with a spooled or welded rear axle.
I have personally owned and operated multiple vehicles with spooled rear axles on the street, and I can tell you that it really is the way to go.
Don't fear the spool... it really is a great option IMO. It's cheap, simple, easy to install, provides predictable handling, and has no moving parts to break or wear out.
Now, the bad news...
Since you have a 7.5 - to my knowledge, no one offers a mini-spool for that application. That means you'd either have to weld the spiders, have a machine shop modify a 28 spline 8.8" mini spool for use in the 7.5" carrier, or run a full spool (which adds cost & complicates installation). The only guy I have heard of machining full spools for 7.5" rear axles is Scott Spangler at Chesapeake Machine (704) 484 -0413.
The other possibility (which has already been recommended by others), is that you could swap in the larger 8.8 rear axle from a ranger - which would add strength and allow you to use readily available parts to spool the rear end for less than $100.
-Hans