Thanks for the shout i will bet Bob has a pic of this shear pin ?
There isn't a Shear Pin in a '90' Transfer Box - and there isn't a CDL Switch on the dash either. On the '90' we engage the CDL with a lever - the rear diff locker is electric (and only works when the Transfer Box is in 'LL').
It sounds as if IRGLW is talking about a later model as my '100' has an electrically-operated CDL and the Transfer Box is quite different to that on a '90'. I suspect a '120' is similar to the '100' but I'm guessing.
There are three differences between '90' Transfer Boxes on a Manual and An Auto:
The 'Auto' has longer Selector Shafts as the Transfer Lever is mounted on an extension housing between the Gearbox and the Transfer Box (the protruding shafts can rust and bind).
The manual has Synchromesh on the High Ratio gear pinion, the auto doesn't. You can change from Low into High on the fly in a manual (5mph or less) but an Auto has to be in Neutral before you do that.
There is an additional Detector Switch on the Transfer Box on an Auto. It tells the ECU that you are in Low Ratio (the other one lets the Rear Diff Locker work). I think the Auto has a different throttle response/gear change point in Low .
No Shear Pins - unless you count the rather weak Centre Diff Planet Carrier (but at £400+ its a costly safety feature).
There is, However, a sprung-loaded 'Overload Protection' plunger that ordinarily prevents the 'High-Low' Epicyclic Gear's Anulus from rotating. If you are doing some extreme off-roading in Low Ratio this thing will allow the outer drum (annulus) to rotate, thus relieving the stress from the Planet Carrier and Sun Wheel.
Not many people know that (though I have explained it before)

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So if you are in a tight spot trying to climb a rock face and you get a sudden 'Machine Gun' noise - its Mr T protecting your Transfer Box

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The sprung Plunger can be seen at the front of the picture, it engages with the webs on the outside of the High/Low 'Anulus' (behind, with its retaining ring).
I dunno, Shayne. I doubt all that slack between the rear and front axles is attributable to the chain. What is the Transfer Box like if you just turn the output Companion Flanges with the Centre Diff locked ??
Diagnosis by Internet is notoriously unreliable

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Bob.