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The one Quig supplies for $230 is a key lock fitted to the tailgate handle with stops the tailgate handle from being pulled up thereby locking the tailgate.
The tailgate key lock is a worthwhile mod because it is possible to remove a stock F250 tailgate without tools. The PO of my truck told me that he had heard of a few F250 tailgate thefts.
It's common in the states for them to be stolen and put up on craigslist (gumtree). I would have thought there would be less of that in Aus, because there are a lot less trucks, and much easier to find the thief.
My 2012 came with a lock from the factory which is keyed to the truck, I am not sure if that assembly can be retrofitted to the older trucks? I know the newer tailgates fit the older superduties, not sure just about the key/lock assembly.