The half-cover is more then enough to protect the hardware. You are usually end up dropping onto rocks or driving straight into them, it's pretty rare that you have one sneak in and hit the top half of the gear.
You can cheat on the caps and make your own by getting a steel pipe cap and cutting it in half. Instant front and rear protection.

One of the guys in the club then ran a piece of 3/16th along the bottom of the pumpkin for a bit extra protection.
As for the flimsy axle tubes, after ripping off the spring pads due to the lack of a traction bar we picked up some tubing with the interior diameter the same as the exterior on the axle tubes. Cut it in half with a Saw-zall then sandwiched the axle tubes and welded it in place. Threw a brace on top and now the only way something is going to hurt the tubes is if it brings a cutting torch with it.