Lots of info on lubricants here:
Land Rover Oil and Lubricants - Engines Transmission Diffs
Extract from section relating to transfer box & diff lubrication:
TRANSFER CASE (LT230T)
According to the specifications prescribed by Land Rover a GL-4 or GL-5 oil can be used in the transfer case. Castrol recommends that VMX 80 also be used in the transfer case. It is mild pressure oil and is developed by Castrol to improve cold gear shifting. VMX 80 and MTF 94 have the same specifications as far as API service category and SAE viscosity grading are concerned. If you are going to use a GL-4 oil, I would recommend that you preferably use MTF 94 for the transfer case as well.
On the other hand. Since the transfer case like the differentials are under enormous pressure when using low range and since the transfer differential is not separate from the transfer case my recommendation will be to rather use thicker oil with more EP additives. In my view the transfer case of the Land Rover is nothing else than a third differential rather than a second gearbox. This calls for the service category GL-5. Castrol and Caltex Australia also recommend this.
In my view the ideal oil for the transfer case should meet with the following criteria:
Full synthetic
SAE 75w90
GL-5
However the following oils may also be used:
Castrol EPX 80W90 GL-5
Caltex Thuban GL5 EP 80W90 GL-5
Shell Spirax ASX (Synthetic based) 75W90 GL-5
Habot (Full synthetic) 80W90 GL-5
The ideal oil for the transfer case as far as I am concerned is Castrol SAF-XO. The specifications are as follows:
Castrol SAF-XO (Full Synthetic) 75W90 GL-5
In the Pretoria region you can order this oil from Oom Jan or Emiel at Midas in Centurion.
DIFFERENTIALS
If all of the above regarding gear oils are taken into account the ideal oil for the differentials should meet with the following criteria:
Full synthetic
SAE 75W90
GL-5
The same oils for the transfer case with service category GL-5 can be used in the differentials:
Castrol EPX 80W90 GL-5
Caltex Thuban GL5 EP 80W90 GL-5
Shell Spirax ASX (Synthetic based) 75W90 GL-5
Habot oil (Full synthetic) 80W90 GL-5
Castrol recommends that Castrol SAF-XO be used in the differentials. The Workshop Manual from Land Rover prescribes a GL-5 oil with viscosity 90. I also recommend that Castrol SAF-XO be used. I have full specifications on SAF-XO if you would like to get hold of it. Castrol SAF-XO is very expensive. If you frequently use your Land Rover in mud or water where the possibility of water ingress into the differentials is high, it would be wise to use Shell Spirax to cut down on costs.