Yeah, got that. So my first line was just a simple "Yes" to answer that question. But then I embellished it a bit too much perhaps. Just wanted to cover all bases though, regarding keeping all your options open so you can have the best setup by using whichever arm suits your rig the best.
So mattt and Nightstick, yes, it should be fine, other than the aforementioned potential issues with your upper draglink end maybe not fitting perfectly and the keyed splines not allowing the arm to point in the correct direction, when the box is centered, without filing them down.
In other words, you can use the arm in any direction because there are 360° of splines, but you might still have to modify things in one way or another to work "correctly."
As usual here, the OEBR (Official Early Bronco Rider) applies. What's that you ask? Just this... "Your Results May Vary" is all.
From the sounds of it, many are using the original 4x4x2 arm and not having any trouble.
Back in the day ALL aftermarket pitman arms for the Early Bronco were from something else. And all of those were full-size trucks. So they would all have had the same tapered hole in them as the arm that came with your full-size truck steering box and supposedly be used with the stock EB draglink.
I don't have personal experience with using the stock EB draglink with any of those though, since by the time I needed a dropped pitman arm, I already had shortened full-size F150 tie-rod and draglkink for my disc brake conversion. But I still had to modify the master-splines on every one to get them to work. I bought and tried four different brands of pitman arm until I found the one that best matched the angle of my dropped trackbar. Rancho, Trailmaster, Superlift and Skyjacker were the only weapons of choice at that time.
As mentioned either here or in another thread, the tapered hole has the same degree of taper no matter what (7° I think?), but the depth and diameter of the hole will dictate whether you can use your stock EB draglink without concern. And you may or may not have to file down the master splines so that you can orient the arm just exactly where you want it.
See? With Broncos, nothing is etched in stone, except that nothing is etched in stone.
Paul