I've taken a good number of complete '35 to '40 Ford banjo rears apart to either salvage their parts or to rebuild them, and in most all cases the rear axle nuts were not torqued properly with respect to the specifications given here of 200 to 220 ft pds. This was evident by the obvious wear and tear on the axel and drum/hub tapers, keys, keyways, thread damage on axel and axel nuts, etc., etc.
It seems like back in the day and even now, many folks did not, and still don't torque these axel nuts correctly. Ain't no wounder we've heard so many horror stories over the years about rear axel failures on these early Fords!!
In other words......make damn sure your nuts are always torqued correctly, including your axel nuts!!