Texas tiggin! Ha, we came up with sticktiggin as the name here.
Yes, but its using nicklerod on onecast and one forged piece, this is required for the flex load under high heat in this application, but its the dissimilar metal here that the issue he will be facing. So for the load he is doing without an interior sleeve * he will have to feed a high tensil material as a filler while using the lower rod for the penetration and puddle control.
* Why do i say he will have to? If the money is not getting spent to do a quicke rand easier job that will produce better results for the axle swap, there is no way he gonna spend 40-50 hours in machine shop time to do the reduced axle diameter cutting and interior sleeve fitting. And if he workin a machine shop, or had access to free machine work it would be much easier to repair the bearing seats in the current pumpkin.
I learned how to do the job he is talking about restoring a 1920 Overland Whippet for a mega millionaire here in vegas named Jim Rogers when I was half owner of the truck equipment shop. $35,000 into that car, 3 or 4 of it into the rear axle alone. Nice car and helicopter collection, jerk of a guy- glad he finally died.