There is a good article about the 20 here.
As far as making it a better axle, I would put a pair of one piece axles in there to get rid of the 2 piece they came with (in the CJ axle, not sure about the other one). I would also stitch weld the tube to the pumpkin to prevent the tube from spinning on you (read around the forum, that happened to someone not to long ago here).
The other thing I would do is build a truss to prevent the tube from flexing. Do that and I think you would have a pretty damn good '20.
(here is a picture of an AMC20 with a truss)

Hope this helps ya out and gives you the answers your looking for.
-Dave