Believe me when I say this...
Equa-loc is NOT trac-loc.... Equa-loc was the predecessor to trac-loc... lasted until... '69 or so... it was meant more for traction control rather than actual power... yes, it will lock up as long as the wheels stay relatively equal in torque... which is great... but if you hit a patch of sand, and the torque gets really high, the wheels WILL break lose of each other and you'll just wear out clutch plates...
Trac-loc on the other hand is built so that as one wheel starts to increase in torque the clutch would grab tighter and pull both of them back into lock. The equa-loc does NOT have this.
If you're doing anything performance, get trac-loc and make SURE it's trac-loc.
Go here to find out the specifics on what to look for.
There should be a section about half way to 2/3 way down dealing with "How to identify a Posi".