Pro's-
Wider track width means alot more stability offroad. Sidehills dont feel as tippy. In theory, this same "extra stability" will work onroad also.
Wider track width keeps rocks/obsticles off the body. With the tires hanging outside the body more, you are less likely to get body damage.
Staying fullwidth Ford D44 means you can find cheap stock replacement shafts to carry as spares. If you cut it down to EB width, your only choice is either stock EB axles (weak, they suck) or aftermarket (expensive).
Fullwidth on an Explorer "looks cool".
Con's-
Wider track width means you may get hung up more often in tight areas. This usually doesnt have merit in today's offroading, since everyone is wheeling with someone on fullwidth the trails have gotten wider. This was an issue back in the 90's when everyone ran Jeeps and Jeep-width rigs, but not so much anymore.
You may not be able to get away with driving on road in your area because of the tires hanging out so much. States are different. Here you could daily drive an X on fullwidth and would never get pulled over. Dont know about Hawaii though.
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When you cut down the truck D44, you do it all on one side (6" off the passenger side). This is because the driver's side is the same length on the Early Bronco as it is on the truck/big Bronco. If you were to cut 3" off of each side, the pumpkin would be all up in the radius arm mount on the drivers side. It wouldnt leave room for any type of suspension, and you would have to get custom shafts made for it. Cutting 6" off the passenger side makes the housing an exact copy of an EB housing, and thus you can run off the shelf EB length aftermarket shafts.