I have run mineral oil based Dex III in my 241 case for 50k miles, and the oil level NEVER dropped, so I dispute the "evaporation" claim. Note that this case is very similar internally to the 261/263 cases, and my use included long stretched of high speed highway driving, lots of in town (were talking AZ heat here), and a LOT of wheeling. And by wheeling, I don't mean puttering down dirt roads in 4WD, I mean actual wheeling:
Now, granted, this truck has manual hubs, so when I'm not offroad neither the front driveshaft nor chain is turning, but I can't imagine there is much difference in heat generation. T-cases don't get very hot anyway, even after long stretches of highway travel or extensive off roading. Any oil loss I have ever seen from any t-case has always been due to leakage, which is why you should check it every oil change.
I guess my point is, the case was designed and spec'd to use ATF, so why use anything else? If you want a better lube in it, use a synthetic ATF, whether it is Transynd or some other brand. At least that way you know there are no compatibility issues between the fluid and the seals, nor with the trans fluid and t-case fluid should accidental mixing occur.
That's just my loose change on the subject. Transfer cases are NOT very demanding from a lubrication standpoint. No sense overthinking it.