Why go to a part time kit?
It's not going to save you any gas mileage. How do I know? When I had my '79 Blazer with a 400 sbc np203 and TH350. I took off my front driveshaft and drove from Fort Lewis, WA. to Salem, Oregon in Hi Lock, put the driveshaft in and drove back in full time and I got exactly the same mileage in both directions.
There is no locking hub made that is as strong as that steel gear that's on the end of your front axles right now, unless you are going to run a spool in your front axle there is no benefit to getting rid of the fulltime 4x4.
I would love to have another NP203 bolted up to my TH700r4 but I don't know if it's possible and then I'd have to get a new rear driveshaft because my np208 has a slip yoke and the np203's don't, so I'm working on other upgrades right now.