that thing looks sick, It's a beast and looks like it will even welcome some bigger rubber when the time comes.
I went away from that stock setup on the axle solely for the reason that our Explorers brakes are setup with a brake line dropping out each side of the frame. I didn't feel like messing with rerouting all that through the frame to add more new brake lines and then worry about a single center hose feeding the diff.
It may work, but you will need to eliminate the two lines and run one to the part over the diff.
I kept it simple and the only modification was a hose that went from the stock location to the caliper. Another thing to think about, if you ever have a brake fail (it's happened to me twice while wheelin) you can pinch off that line and keep on going. On that setup depending on where the failure may be you may loose both front brakes.