Update - Mystery solved. I pulled the output housing from the 205. Pulled it apart on the bench and couldn't see anything unusual. When I put it back together, to make it easy I used an impact on the yoke nut. After I got it back together I realized the excessive end play was gone. If I had to guess, it might be 2-4 thousandths at most. Everything turns nice and smooth. Afterwards I went for a drive. Smooth as butter up to 85 mph.
Apparently a bearing wasn't seated, which is odd given the output shaft bearing is a caged needle bearing. That bearing is pressed into a "hole" that goes all the way thru the webbing it's cast into. I had pressed it in until it was flush. It seems using the impact may have pulled it in tighter and self adjusted, eliminating the free play. Whatever the case, I'm very relieved and happy it's working as intended.