I know they're not as cheap, but I'm running a Powertrax No-Slip Locker for my 7.5"...
I love it, under power, it's like a solid axle, but when you turn, it just disengages, takes a little getting used to, but I wouldn't want to mess with a Posi unit... I hear the clutches can where out over time and then there's the posi fluid you have to use. I don't want to discourage you, but I love mine and probably wouldn't run anything else.
It's especially fun when you want to burnout, or fishtail, or just do some doughnuts... not a hint of one-tire-fire...
Plus, it will last longer than my rear end will, this thing is strong. And just holding it in your hand before you install it makes you feel powerful, it's a sweet piece of engineering.
When I bought mine, about 5 years ago, it was about $365 from an off-road company online I found when I searched for it, which was cheaper than Summit at the time. It looks like it has gone up since then, just like every other metal product, but I would say it's all worth it.