That will work fine. With proper back spacing on wheels you can be narrower than the guys doing full width f150’s that are 65” wide and have. Properly welded the but welded the butt welded tube will be stronger than the tube was originally, your weld filler wire has a higher tensil strength than the original tube. The plan will work, just keep in mind that yes the ujoints are significantly stronger, but the week point is still the outer axle shaft, it’s the same diameter as your Dana 44 axle. This is why the newer superduty axles have even larger ujoints and 35 spline axle shafts throughout. If you’re not going planning on pushing the truck hard you will never have an issue. Same goes for the unit bearings that I discussed previously. Saves a ton of dollars too