Almost no noticable slop here either, best of 4 CTD's I've had. I can back the trailer in without hops or clunks. Granted, I don't have the transfer case on this latest truck.....
See if you can hook up with someone in your area with an 'O3 CTD or gasser 2500/3500 (or check some at your dealers) and see if there is shaft rotation with the emergency brake locked on.
If you see the same axle play (and there should be a little, but not a lot), then the transfer case may be the source of the slop. If so, time to get it looked at now.
Good luck!