I would tend to lean the other way- A winch (and something to hook it to) will get you out just about every time, while a locker likely does very little in a situation you described above. Especially on an 01-02 model, the LSD is actually pretty good. AFAIK, its a helical gear unit, so you can pre-load it with the parking brake. Another consideration is how you load your vehicle- the Montero starts out kinda balanced, but once you throw a huge stack of stuff in the back, the weight balance probably shifts to the rear. That means you'll lift a front tire, while both rears stay firmly on the ground. A rear locker will not help that much in that case.
With a bumper/winch combo you get several things-
1st, it looks cooler (this is very important)
2nd, you've replaced that piece of Tupperware Mitsubishi mistakenly installed on the front. You now have a good safe place for some responsible lights to live and added potentially crucial protection against animal strikes. I don't know what kind of large critters you have jaywalking in Norcal, but back here a chance encounter with a disrespectful white-tail can ruin your weekend.
3rd, You now have the capability to drag your vehicle through just about any bad decision you might make.
4th, you can winch stuff out of the way, like abandonded Defender 90's or deadfall.
One thing you didn't put out there was a front receiver ad a multi-mount winch. Advantages-
1- lower point of entry
2- no potentially long wait times for your favorite ARB dealer to get your bumper from OZ.
3- the ability to seek a second opinion and pull yourself out backwards.
4 you can leave it at home when you wont need it.
5. Really nice place for a clevis in a kinetic recovery.
Drawbacks are....
1. Winch has to ride inside- MUST SECURE WELL. An unrestrained 100lb chunk of steel and aluminum is no joy in a collision. Sure, you don't intend to crash, but you probably wear your seat belt. Or
2. Winch rides hanging off the front or rear- vulnerable and hurts approach/departure angles.
3. No cool bumper.
4. You might have left it at home when you need it.