That is quite a bit a play in the splines. Did you take the shaft a part and measure the wear? I would guess that you could hear it load/unload.the slip yoke on the rear shaft had about an 1/8" of play in it.
It's important to realize that all the drive components are in play all the time on these trucks and as you drive loads on those components shift from front to rear and right to left constantly. When you pull a drive shaft you are basically stopping half of that from happening and only if the vibs are still there does it indicate the problem area. Pulling a drive shaft and having no vibrations doesn't necessarily mean that the remaining shaft is OK because the load is now more constant on that shaft.
With the stock front shaft in place the only time I could feel a vibration was when I lugged the truck a little but as soon as it down shifted the vib went away. We didn't get a chance to take the truck out on th highway and that seems to be a bigger problem area.
How did the springs feel?
