My 2¢:
Install both the AX15 AND the matching tcase from the XJ. You will have both an AX15 and external slave cyl. You don't have to install the front axle or front drive shaft (yet). This will allow you the option to go to 4wd in the future. (Keep the XJ front axle and drive shaft for that use.)
You will need a new rear drive shaft to fit your. The old MJ DS is too long (something I've never heard) and the XJ DS is too short (sadly,...).
Additional parts you will need: The crossmember and trans mount from the XJ, the tcase shifter and linkage (future use), if the master and slave cyls from the XJ are good use those.
While you are at it, switch the clutch kit. I like to get the LUK kit for the 95 XJ rather than the 87 MJ. Not only because of the release bearings diff (int. vs ext.) but the pressure plates are different too.