But it's great for parades on pavement.
My '46 2A has the front drive shaft removed (well, just not yet replaced) so parades are easy.
My '54 3B has locking hubs on the front so I can do 4-wheel Lo on pavement.
The only danger of 2-wheel Lo is IF you're pushing the envelope in some way - towing very heavy loads, pulling stumps, doing nasty off-road trails - you get the idea.
If you are gentle, you should have no problem with 2-wheel Lo.
If I ever tear down a transfer case, I'll for sure be removing the pin.