I don't think so with a truck drivetrain...
In most trucks you are advised not to use the 4WD system on pavement, only on surfaces that allow for some give, like dirt gravel...

However, I did read a story in Chevy Hi-Po about a guy with a sprayed 5.3 in his 1500 or something along those lines and launch at the track with the 4WD on.

I guess if the front and rear have the same gear ratio and the same height tires everything would be ok...