I have a NP203 from a '77 GMC K2500 I owned years ago,that had a 454 in it,TH350 trans..
The truck would make a "crunch" on fast takeoffs.like the chain was skipping over the sprockets,and adjusting the linkage didn't help any,so I decided to swap in a NP205 I had from the previous plow truck that was behind a TH350..
It bolted right up but the front driveshaft was now way too long--I lucked out and found one from a 1969 K20 a friend parted out,that had a shaft that was 23" long,and it fit perfectly,the only bummer was the slip yoke splines were very sloppy,but it never failed..
I was tempted to cut down the original shaft if the splines failed,but never had too..
I later found out the '69 was the only year that had that short shaft....the rear drive shaft fit fine with no mods..
I kept that NP203 & the shifter ,I wasn't 100% sure it had an internal issue or not...I once tried to find a new chain for it,found out they were very scarce,and that was at least 20 years ago--not sure you can even find a new chain today for a NP203,if you can it will likely cost more than a swap to a better transfer case..