Upgraded is a weasel word the salesman was using when comparing an early 231 tcase to a newer one. There was a design change in the 231 "Command Trac" tcase in 1996. Basic change was that the rear output was changed. In the older tcases, the slip yoke move in and out of the rear tail cone. In the newer tcases, the output shaft is sealed by the newer tail cone, and the slip yoke just moves over the exposed tailshaft.
Plus's on the older units is that there is more support of the tailshaft because of the longer cone. Minus is that if you need to pull your driveshaft off, you'll lose oil.
Plus on the new unit is that you can remove your driveshaft and not lose oil because the tailshaft remains sealed. The minus of course is the more exposed lenght of tailshaft...
Somewhere along the line there was also a change in manufacturer, from New Process to New Venture (NP231 vs NV231)...
Ivan