Stretched chains are your argument? No chain driven transfer cases are immune to normal wear and tear. Even the 242.
The 242 is a good transfer case but it lacks all the aftermarket support the 231 has. The multiple times I have seen the 242 fail has been due to overheating and the melting of the shift fork pads. I attribute this to people using it for full time 4WD over time. I have rebuilt many TCs including the Rock tracs and what seems to be every variation of the 231 and have never seen the carnage I have seen inside the damaged 242s. Not to say they too don't exist but as far as how often it comes up, the failed 242s seem to come up on the horizon more than the 231s even though the production of 242s is miniscule compared to the 231s that were spec'd on Jeeps.
Ford vs Chevy? Come on.