Scary info in this thread.
The graphic above that claims one orientation is 'incorrect' is, well, incorrect. Either in or out of phase can be correct. Phasing depends on what configuration the driveshaft is used in. The front driveshaft on the 80 series was intended to be out of phase, because at stock height it's in what's called 'broken back' configuration, meaning the u-joints are at equal angles instead of opposing angles like most driveshafts are. Lifting the truck screws up the angles, but the truck would have to be lifted something like 10-12 inches (warning: wild-ass guess) before the driveshaft angles were 'correct' for an in-phase orientation. People have run them in-phase with no apparent issues, especially after adding a suspension lift, but in order to be 'correct' you need to lift the truck 4-6 inches and add a double-cardan (cardon? No one seems to know the correct spelling wikipedia says 'cardan', good enough for me) joint. If you have a lift and no DC (also referred to as a CV, or constant velocity) joint, you can pretty much do whatever you want with phasing- it's wrong either way. Driveshafts with two u-joints are intended to be run at equal or equally opposing angles, and you can't do either on the 80 at anything other than stock height (unless you want to get crazy). I've never heard of the Toyota TSB referred to by @BILT4ME but that doesn't mean much, I don't keep up on those things. And when I do I forget them quickly. The angles are fairly small, so it probably works either way. If you do some research you'll find that there doesn't even seem to be a consensus on phasing in the real world, but the geometry and math dictated that Toyota put the front shaft out of phase.
Also, and arguably more importantly, driveshafts are spinning assemblies, and are balanced. As assemblies. You can't just pull the slip yoke apart and reposition it and expect it to be balanced- it won't be. If you change the orientation of any part of a driveshaft, or have any doubt about whether or not it has been changed, you should have it balanced at a driveline shop. It's not very expensive.