The math is right, but where does your 250 HP figure come from?
I always use torque for this stuff, since HP is derived from torque x rpm anyway. The torque ratio:
2.48 (trans first gear) x 1.96 (NP-205) x 2.72 (ORD) = a torque multiplier of 13.2213.
If the engine originally spit out 600 foot pounds of torque to it's output shaft and you put that into a perfect driveline with no losses and those ratios, you would be getting around 7932.8 foot pounds of torque (600 x 13.2213 = 7932.8256) going to the output shafts of the NP-205 (but there are two outputs loaded in 4x4). Then there is the driveline losses through the slushbox and the cases which will further reduce it... On the flip side, the slush-o-matic torque converter can boost the torque output momentarily, maybe by up to 2x or so. This is a built transmission, and I don't remember what the details are.
There are two beefier output shafts that I know of for a 205:
The Titan you have to machine the 205 and loose the speedo output. The JB is drop in, it is just machined away less than stock (smaller/shorter oiling grooves).
The ORD rebuilt NP-205's let the customer specify what size output shaft you want when you order them. So probably, a 32 spline stock Ford output shaft was used.