Well my fellow Mudderz, here is the story.
After draining the rear diff oil, I find this.....

The biggest pieces looked like this..... 8mm wrench

So off to East Coast Gear Supply so Chase and the guys can work their magic on the rear diff. Of which, nothing major to note other than the pinion bearing was darkened as if a heat/low oil issue was happening. All fixed and sent back. AWESOME SERVICE. I will repay them for sure.
In the meantime, I cleaned out the housing as best as I could. Purchased a new oil deflector, compared the two and only found minor signs of wear. I guess the axle splines were grinding off the sheet metal. Who know's? Deflector looks like this.....

Goes here..... both sides

In the housing there are 2 tabs, side by side, spot welded in place. 2 top, 2 bottom, both sides. The oil deflector is a compression fit, and then the edges lock in under the tabs. I coudn't get good pics inside the housing, but they look something like this.....

So I used a small flat screwdriver and cleaned any crud out from under the tabs. Then very gently (not wanting to pop the spot welds) I tweeked the edge of the tab up a bit. Also bent the sides of the deflector outward for a good snug fit and pressed it back into place. Good to go.
Why this come loose? I have no idea. Possibly when the axle was inserted it was pushed in too hard, and bumped the deflector before the axle was aligned with the hole. It then just worked it's way loose???? Who knows???
So IF your FJC starts making wierd sounds from the rear axle, a
POS (piece of SHEEEEEET) metal could be your problem.
Bird.