blkstangman88,
Have you checked to see if the clutches are worn out? The TC rear ends I've seen do have traction loc, so more than likely all you need is the >$50 rebuild kit to fix it. Remove the cover and see if it has the "S" spring in the center and the clutches on either side of the spring. Most of the TC rears did not see a lot of power, but of course maybe yours did wear out. Mine is so tight I think the ds wheel starts spinning before the ps one. Anyway, good advice to check any rear end out thoroughly.