To balance your driveshaft in the vehicle takes 2 people. Have it on jack stands with the tires off. Use the lug nuts to hold the drums on. Label the driveshaft on the u-joint yolks, 1-2-3-4. Have the driver run the vehicle up to the speed the vibration is most evident. Place your hand on the t-case extension and the diff. The one that vibrates the most is where you start with the weights. It may help to have the driver take notes as to the rate of vibration, as they will tell you how the vibration rate changes. . Start at #1, place one hose clamp, with its screw at #, run the vehicle up to speed. Check the vibration. Rotate the clamp screw at positions 2, 3, 4. The position it is smoothest is where you continue. Add a second clamp. Run it up and recheck the vibration. Now move the clamps ¼ turn one direction, then the other. You can also fine tune by moving each screw head an equal amount in opposite directions. You shouldn’t need a 3rd clamp, if you do, you have a gross error in the assembly of the d-shaft. This is an acceptable balance method, but if you are going to rub your shaft on the rocks, you may want to mark the location of the clamps, or weld on washers in the correct positions.
If you have the tubes welded, then I would suggest making a new shaft with one piece of tube welded to the yolks, like Broncobowsher recommended