Hi Takza, Thank-you for all the helpful advice. It turned out that the seals were actually very easy to do. They were not metal, but just plastic/rubber ones. I popped them out with a flat head screw driver, and carefully cleaned the cavity. I then used a 30mm socket (fit perfect) to tap the new ones in. I coated them with MP grease on outside and inside before hand. This helped them to go in easier, and left some lubrication for the drive shaft when I put it back in. I ended up doing both sides just so I wouldnt have to worry about it.
I looked more carefully at my 4wd shifter and realized that at 1 drip per 12 hours or so that it is dripping, I probably can get away with just topping up the trans oil once a year!
Also, it turned out that my trans was not low on oil, it was just my imagination. Although the front diff is a little louder on my 86 than my 87 was. Hopefully it's not going to go on me. I've now heard of three people that have had these things blow apart on them.