Disc brakes do not really matter, but I would really like limited slip, especially up here in Minnesota where we have a lot of snow and ice. This is my second year with the Ranger. It has never gotten stuck. The oversized Cooper all terrain tires are so much better that what I had on my last pickup.
You made a good point though. By the time I go through all of that effort, weld on mounting tabs, rebuild the differential, put in new seals. etc, I might do just as well to have a shop simply install limited slip or a locker.