Wheel hop is really hard on all of the drive train parts, driveshaft, tranny, rear end, U joints axles and so on, not good I would replace the existing leaf springs with better ones, what kind of driving do you do mainly to induce wheel hop? Is it a 4 speed or automatic?
Pinion snubbers where intorduce on Mopars in 1957 when they lowred the cars closer to the ground to prevent the pinion U joint from hitting the drive line tunnel, not for traction
Fix the problem, don't bandaid it