Problem solved... Thanks Everybody
During the disassembly I realized that it was the rotor dragging on the calipler due to a small amount of play between the rotor and axle shaft. Adjusted the caliper and voila! No more noise. Needed to replace an axle seal and differential gasket too so all in all it was a productive exercise. Regarding the diff oil for the TrueTrac you are correct that no additive is needed as there are no clutches etc..
Thanks again!
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