I would strongly prefer anything (except a spool) over a TracLoc in a front axle (I'd prefer anything maybe even including a spool in the rear). If it's tight enough to help when you need it, it will be a bear to turn the wheels when you are stopped. And when you really need it it won't really help that much. Like needabronco said, I'd recommend returning the TracLoc before you've put the time and money into installing it and putting a locker in the rear. Or if you really want a front limited slip, go with a TrueTrac (I have an OX selectable locker in my front axle and really like that, but it's more money)
The description I go with is an open diff sends power to the tire with the least resistance such as up in the air or on the patch of ice. The limited slip sends power to the tire with the most resistance. You're still a peg leg but at least it's the tire with traction....
Not an accurate description of a limited slip. (An open diff always sends the same torque to both sides. If one side takes very little torque to spin the open diff will send the same very little torque to the other tire. If that's not enough to push the truck forward then it will not turn. Since power equals torque times speed the tire that's not turning has zero speed, zero times any torque is zero power, so it is accurate to say that an open diff sends all of the power to the tire with no traction.)
A TracLoc (or any other clutch type limited slip) works exactly like an open diff except that there's also a friction clutch between the two sides. So any time the tires want to turn different speeds you have that fixed drag between them. At it's best that fixed drag is enough torque to push the truck forward. But if that's not enough torque to move the truck then you still just sit there (but now wearing out the diff clutches while you do it).
And that fixed drag is always there. That means that when you go around a corner you need to overcome it. That's not a huge problem if you get good traction. But when on ice it can make the tires skid where an open diff or even an automatic locker would allow the tires to roll. And when you turn the steering wheel while sitting still one tire needs to roll forward while the other rolls backward. That also requires you to overcome the diffs friction.
So no, a TracLoc is not an upgrade over an open diff.