If the rails or forks were out of alignment, the tractor would not move PERIOD.
Have you tried it? What does it feel like?
The Lo-Boy 154 has the same basic transmission as a Farmall Cub, so the shifter cover comes off with 8 or 10 bolts, and you can see right down inside. The hardest part is getting the sheet metal off to get at it on a 154.
I doubt it needs a whole transmission, but without knowing more about what the tractor is/isn't doing when you try to shift into 2nd or 3rd, the best anyone can do is tell you to take it apart, see what's wrong, and fix it.
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Today's Featured Article - Fabrication (Who Me? Make it myself?) - by Chris Pratt. First of all, what are the reasons for not fabricatin your own parts? Most judgements on what should be purchased rather than fabricated stem from: Originality - If the tractor restoration is to be 100% original, it is likely that you should spend the time and money to locate the component in the used or New-old-stock market. Since this can be extremely difficult, you may want to fabricate the item or purchase a modern replacement temporarily, but eventually, you s
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