You'd need the diff, bearing, spacer, diff cover and a longer axle. You'd be compromising the strength.
Diffs are pretty cheap overall. But if you have an HD, the diff is already a 3.29. The change you would have to do to get the 3.29 ratio is to change the drive and driven sprockets from 37/33 tooth counts to 35/35 counts.
To do that, you'd basically be pulling the trans and doing a lot of work. It's much mroe than a diff swap in your case.