Posi and limited slip are the same thing, just a different name. If your rear end already has one, you can see about getting it rebuilt. If it does not have one, then you will want to buy one. You just need to research the best prices through any number of sources (Summit, YO, Paddock, etc). I believe Eaton is about the biggest supplier for the Chrysler 8-3/4 sure grip.
As far as changing the 3rd member, it just depends on what you currently have and how much you want to spend. If your current setup does not have the sure grip, then you either want to add it to your existing 3rd member, along with the new gear set, or as I mentioned before buy an entirely new 3rd member with the sure grip and gear set already installed. It will be a bit more expensive doing it this way as opposed to rebuilding your existing 3rd member, but what you are buying is a completely finished piece that is ready to bolt in, as opposed to having to find a shop to put in the gears.
I changed my rear last year, using my existing 3rd member because I already had a good sure grip in it, and only needed the new gear set. Even with that, it still cost me about $500 including labor, so if you can find a complete 3rd member with sure grip for around $600-$800, you will be in real good shape.