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On the speedo gear issue I went through 3 rings on the output shaft on my transmission. The reverser bound up the cable no matter what I did and caused the gear to lock up and strip both the gears in the trans. Needless to say you need to pull the tail shaft off to replace this and can be a pain. Pull the cable out of the trans and take a look in the hole with a light and also look at the gear on the cable. I think you'll have the same problem I did/have. Mine jumped just like yours did too and yes I have smiths gauges.
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