Jeff B is right, to an extent... the "eaton" (HO52/HO72) axle is the predessor(sp?) to the 14 bolt. (found in 3/4 ton-1 ton chevy's from the 50's through the early 70's)
You can replace the spider/side gears/shafts with 14 bolt stuff (detroit), but the ring gears are not interchangable. The third members are removable (similar to a 9") and came with three gear sets (4:11, 4:56, 5:13) but they are no longer being made, so finding replacements may be tough.. Bearings/seals are still available.
*You can't make a hi-pinion just by flipping the third to the back side of the housing, unless your planning on using it as a front axle (hmmm, eaton center with 60 outers
) or your running a rear engine set-up.. even then there's the oiling issues to deal with...
as for the power wagon axle, i have no idea
(i don't think its the same axle, but no way to confirm it right now)
i would just by a 14 bolt, regear it, disc brakes, and detroit for the $600 your looking to spend. You'll be "just like everybody else" BUT atleast somebody will have spares on the trail.
and search, we've tallked about this before.