Maybe you should define "track". I would say loose dirt track would be fine unless maybe you are going for endurance racing, but a pavement oval would not. Straight line down a dragstrip it would be the same as running a spool, so that shouldn't be too bad.
The trans and tcase should handle a fair bit of power, at least for a while of track only running. I'd be much more worried about breaking stuff in the front, especially if you can get it to launch hard enough to get a bounce or two on the front end. Starting with my opinion of the most likely to explode: CVs, half shafts, front driveline/ujoints, hubs, and the front carrier or gears. If something went, especially on one side or the other, the sudden loss of traction would likely put you in the wall or the other lane, not to mention it could take out steering on one or both sides.
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95 Isuzu Trooper Daily Driver
86 Isuzu Trooper reliable backup
77 LUV 2wd stock beltway blaster (resting)
79 4x4 LUV project: 2.6L, 5spd, 31s (eventually)
MEPR: Man, my 4x4 makes all other LUVs look good
