In regards to the bolt leaking in the rear axle, if you drain the fluid and pull the axle off you will get the to the nut on the back side. Given that it has probably been loose for a while, I would replace it with a new one. When you install it make sure you either use an impact wrench or have somebody tap hard on the outside while you tighten the inside. I "hand" tightened one and it still leaks, but so little that it is insignificant. Not a hard project, just a little time consuming. The Ford forum has lots of good info also.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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