Not so fast !!! I'm not going to claim to be the expert on the NP203, so anyone can correct me if I'm wrong. It's my understanding, the NP203 is a differentiating transfer case. So even though you're in 4HI, Not 4HI Loc, you still only have 1 wheel drive unless you have lockers or limited slip diffs. It'll work just like your rear differential will work without a locker. It will power the axle that has the least traction, just like a rear end will power the wheel with the least traction and that's how you get stuck. So as long as your wheels have traction it should just power 1 axle at a time, could be the front, could be the rear. This is why if you take the front driveshaft out, the truck won't move because its going to be easier to spin the front take off of the transfer case and that is what will spin. So you have to have both shafts in, or use 4Hi Loc, and keep both front wheels locked in. Point I'm making, the FULL time 4x4 is not as bad as having one of the other model transfer cases in 4HI all the time. Then when you'd use 4Hi Loc, then its like the other transfer cases in 4HI and it will run both axles and not differentiate the axles. The Part time has been known to have lubrication issues with this Tcase. So you must put it in 4Hi and drive it every so often to make sure it stays lubed. If it were me, I'd just leave it alone if I wasn't going to swap to another Tcase. As long as your in 4HI, I don't think it would be all that bad, and not worth the risk of tearing up your Tcase. And if you're that worried about it, I think the money towards a different Model Tcase would be better spent than doing the Part Time kit. But that's just the way I understand it to be, and that is my opinion.
Hopefully another wheeler like C4 who knows better can deny or confirm for us.