Ok, here's the deal. The strap control the shackles by preventing BOTH of them to drop at the same time. They are able to work independently though. This reduces 'jacking' when climbing. This is why the limiting strap is located at the center of the diff. If they were located at the ends, it would limit extension of each side but wouldn't prevent them from unfolding together.
If you use the shackles up front, then you should also use the limiting strap. A custom bracket will need to be made for the strap. In the front it will also help prevent the shackles from unfolding when stuck or when winching. When the front is stuck and you try to continue forward the shackles will open up and the front will rise. This isn't good. Same thing happens when winching and the front is stuck.
As for U-joint angles, it helps that too since it doesn't allow the pinion yoke to change location very much.