Just to add to the debate about driving in 4-wheel, and talk a little about the 48RE/47RElaunching:
I have driven home from the lake, about 130 miles to my house, in 4-high, at 80mph on the freeway, with 40" super swampers in my 74 power wagon. (basically, just to prove it could be done

) I used to pull a 10,000lb trailer every sunday with the same truck, and the 360 wasnt to happy turning 40's with a 10K trailer, so I used 4-low. The truck didnt have hubs at the time so it was in full four wheel drive (they were 3/4 ton chevy axles in the dodge, 44/14 bolt). I've launched quite a few times in 4-wheel in my cummins. I dont think it is a huge problem.
My grandpa has a 02 CTD 3500, and hauls an 11. 5' lance, and tows a car hauler with a jeep (probably 10K between the camper/trailer). He regularly uses 4-low in colo on the hills. He has now rigged up a vaccuum switch to disengage the front end, but didnt always do it that way. He always puts his truck in low BEFORE he stops on a large hill, or in a steep campground, etc. Usually his wont go into low if it is stopped (normal). He has actually had to have another truck pull him out of a campground once because his truck wont untrack. His truck also wont go over curbs for crap. his truck was my inspriation to get a 5-speed. :-laf He is havin ATS do the torque convertor and valvebody next month to cure the problem. It is pretty dissapointing to me about the torque convertor chrysler chose to use. Some people, (like my grandpa) feel like the bought a truck and didnt get a transmission. the trans is a good unit, but the torque convertor sucks, plain and simple.
Also, there is always going to be a difference in tire height though. no matter how you rotate them, no two tires are the same. We are sorta in the tire business, and I have personally seen goodyear tires that were bought the same time, marked the same size, and were right at one inch difference in height. that is an extreme case, but it goes to show that no two are alike.
FWIW
-Jeff