I think your half shafts should hold up just fine, assuming your welding skills are on par with your photography skills
Your welds on the housings look very good.
I am not sure about the sleeve idea. We have never done this. Half of me says "more is better" and half of me says "more is less" because you are adding more places where stress can build up. I'll blab a little more about the shafts in general and get back to the
All of the half shafts in a set of axles are a different diameter. Rear shafts are thicker than the front and longer shafts are thicker than shorter shafts. The shaft material is torsionally very springy and the shafts twist under load and spring back. I think the engineers were trying to have equal twist factors on either side of the vehicle, and allow for more torque on the rear axle than the front.
The added sleeve may prevent the center section of the shaft from twisting. When the welded shafts fail, they twist off in the original material just outside the weld. The sleeves may carry some of the torque across the weld to the other side.
We usually use a donor shaft from the RHS to make a shaft for the LHS in the front. They are a larger diameter and it was our hope that the extra beef would compensate for the weakness introduce at the weld. We also do some stress relief and tempering around the weld area. The tempering was a bit of a guess since the rod material is different from the shaft material and we have no idea what the original tempering specs were.
We usually consider 3 factors when deciding how or if to build 404 axles for a project:
1) Vehicle weight
2) Power plant
3) Tire size and weight
I don't remember the planned tire size in this thread but given 1) and 2), we would recommend using cut and welded shafts for this project. They are economical and would not move the axles out the "bulletproof" category. Your welded shafts should hold up just fine.