Just an FYI, Dodge started using CAD in '85, at least in 1/2 tons and RamChargers. I don't recall for certain, but it was likely 94 for 3/4 and 1 tons.
I do not know what the CAD solenoid will do if it is just disconnected, but I suspect that it won't default to the disconnected position. With the older vacuum system, there was a switch that sent vacuum from one side of the vacuum motor or the other, to engage and disengage the system. The CAD collar would need some type of force to move it each way, I suspect unplugging it may just leave it in whatever position it is in at the time.
As mentioned, if you find a way to control the CAD separately, you would be able to have 2 low without a problem as the inner axle (inboard of the disconnect) will just be spinning backwards. Think of it as just the same as one wheel being off the ground.
I used to live in the mountains with a very steep grade to get to my house. With my tired, 2000 1/2 ton, it had a hard time getting my camp trailer up the grade. I used to just crawl under and reverse the vacuum lines so it would disengage in 4-low, giving me 2-low.
As for gearing, I honestly don't recall how close the ratios are, in reality, it doesn't matter as it is close enough assuming it's stock (example: 4.09 and 4.11 would be close enough).....the main reason it doesn't matter is that 4wd shouldn't be used on high traction surfaces anyway. Even with the perfect ratio, once you turn the steering wheel and move, you'll get binding.
Here's an excellent

tutorial:
http://ramchargercentral.com/drivetrain/how-does-cad-work/msg363602/#msg363602