400hp? Most Ranger trannies wont even survive under that much power, let alone a weak axle...
30" tires are pretty small, not exactly something to rave about... and it seems the 7.5 survivability is largely determined by the driver. If you are super nice on the skinny pedal, it can run 35" tires for some time. Others who are not so nice to the skinny pedal have broken 'em with stock tires, that measure about 27.5".
Kinda sounds like the first time your 2wd gets stuck real bad, you are going to give it too much gas and break something.
That being said, the weak point seems to be the spider gears, so if you weld it up well, that eliminates that problem... But instead introduces the weakness of the ring gear. The 8.8" Ranger axle improves on both of those aspects, (spider and ring gears) but the axle shafts are still the same. The 8.8" Explorer axle comes with 30% larger axle shafts, which basically means if you break it, you deserve to be stuck in the mud.