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Either should be sufficient in the transfer case. The oil pump serves to keep everything lubed so as long as there is a lubrication characteristic of that fluid and a low viscosity, you are good to go. There are not any clutches that you need friction modifier for so that aspect of the fluid is mute.
Come to think of it I havent changed mine since I replaced the range shift fork 4K miles. I think checking it at least every oil change and adding as necessary would be the best route, changing when you change the transmission fluid would be best.