I'll be honest: after a good amount of time spent drawing up my own traction bars to build (triangulated bar with a shackle at the front, like Chevy1925 described), I bought a set of Caltracs on the cheap. I've read all about the noise and stiffness issues with them, but they were too good of a deal to pass up, and I figured I could easily offload them if I didn't like them.
Well, several months with them so far in a very wide variety of conditions, and I don't have a single bad thing to say about them. The length of the bar very closely matches the length from the front of the leaf to the axle centerline, and runs relatively parallel also. This basically makes it a 4-link without very little (if any) binding through the axle travel.
I have noticed absolutely no decrease in ride quality, can't tell they're there at all. And that's on-road, basic off-road, and light/medium towing (6500 pound camper + 2 dirt bikes and gear in bed). I also have air bags to help with the squatting (I'm also lowered a little bit).
Driving at very low speeds, with the radio off, with the windows down, I can just barely hear some squeaking as they move around. But normal driving situations? No, never once heard a peep.
I should also add that I'm a fairly particular person when it comes to stuff like this, not one of those types that just passes off compromises in NVH as necessary for performance.
I think most people's problems with the Caltracs is that they set them up with preload. That's correct for a drag car with a transbrake, but a diesel truck is a little different. You don't want any preload at all. I've got mine backed off 2 full turns from contact, and I've had no issues with wheel hop or axle wrap, yet still retain ride comfort.
Standard traction bars are great, simple, and effective. But don't be under any illusion that you won't sacrifice ride comfort with them. I've never ridden in a truck with them, that I couldn't immediately tell they were there. The simple math of the situation is that you have a single point (the axle) trying to move in two different arcs (the leaf spring arc, and the traction bar arc). In a perfectly rigid setup, this triangulated setup couldn't move at all. In the real world, the bushings in the traction bar flex for some deflection needed to allow the axle to travel. But this bushing deflection will add to the effective spring rate (significantly if not set up correctly), which will decrease ride quality. The more the axle moves (like a large difference from unloaded to loaded heavy), the more apparent this will be.
Nothing wrong with any of this, just be aware of it.