I seriously doubt an NP231 could survive 12 grand at its input shaft without fragging like a grenade.
I agree - about half of that would be a realistic limit. I don't know if the gear would grenade, or the bearings would seize and drag the vehicle to a skidding halt, or the seals would puke out all of the oil and the gearbox would overheat and bind up or grenade. It might be interesting to test.
A stock 1987 Toyota 4WD pickup has P225/75R15 tires (28.3" or 719 mm tall). If it is moving on a highway at 130 km/h (81 mph) that's about 992 RPM at the wheels. With a 4.88:1 final drive ratio, that's 4840 RPM at the transfer case output. In high range that's the same 4840 RPM at the input, and that's about what the transfer case is designed to handle continuously. The numbers for the Wrangler are different to suit the tires and ratios, but the situation is similar.
The main transfer case is fine with that, but if you use the reduction gearbox from another NP231 as a "doubler", with a 2.72:1 ratio, the doubler will have a 13,170 RPM input for a 4840 RPM output. This is where the doubler approach gets in trouble: it is designed for much lower speeds, as in a normal use the driver would shift to high range (of the doubler) or a higher gear (of the transmission) long before reaching that transmission output speed.
The doubler is still a viable choice, if you get one which is built for the speed, or you only use its low range at lower road speeds... corresponding to input speeds under perhaps 6,000 RPM. Some motors are only suitable up to about 6,000 RPM anyway, and others would be fine using only the lower part of their speed range, as long as you shift to the lower gear range to get motor speed (and torque to the wheels) up at low road speed.