'01 D2 owner here. I'm running Ashcroft HD axles front and rear, including cv's. The diffs are re-geared to 4.14 with the "diff peg" in the housing, front and rear. The rear has a Detroit Locker, and the front has an Eaton (Detroit) Truetrac.
I waited a looong time to get everything and then installed it all at once. Rear axles were purchased first, the fronts maybe a year later. Then after a good tax return the next year I bought the diffs all setup from Bill at GBR.
When you're at the point of getting lockers, you really need to upgrade the axles at the same time. That's also when you want to decide about the gearing in the diffs. What size are your tires currently? Or more importantly, what will be the final size of your tires? That will determine what ring and pinion to get.
I was going to just throw in the rear axles when I got them, but it's really the diff carrier that is the weak point on the truck. Upgrading the axles and leaving the rest of the diff in stock form wasn't going to help anything.
Not having gobs of money to throw at it all at once makes it difficult to decide what you want to do. You may be tempted to just do one or two of those things, but if you change your mind later it's gong to cost a lot more than if you wait and gather your parts. How long can you take staring at all of those lovely parts but not have them on the truck? Hide them in the closet ;) You can save a little bit of money if you don't get the diffs pegged. But given what you'd be spending anyways, and the extra protection it offers, it was worth it in my book.
For the lockers themselves, I've had no complaint from either of them. I've had the rear lock up and clunk a few times on the highway, but that's more on how you drive. Usually it's when creeping in traffic and riding the brakes a little too long in a curve. Application of the brake is used to get a Detroit to lock up faster.
The Truetrac has always been quiet, but that's based more on how they work. It's actually really interesting to see the gears operate. Look up Torsen locker on YouTube. Actually, there's a really good video from Filthy Motorsports on YouTube where Ben goes over all of the types of lockers and shows how they work with demo units on the desk. Air, TT, Detroit, spool, Yukon, and a couple others. A friend has an RRC with Truetrac's front and rear.
The RD128 ARB air locker is ok, though I've seen and heard some issues. Mostly leaky air lines or compressor issues. The pin that locks it up only has a few mm of engagement. If you go air locker take into account the cost of the compressor, and wiring in addition to the unit itself. Ashcroft does make an air locker that seems to really address the short comings of the ARB, but of course then you have to deal with parts from the UK if something goes wrong. But they have a solid reputation and Justin a Lucky8 is really good at taking care of that stuff and getting you what you need pretty quickly.