After doing some investigating, the pinion slop/backlash in the HO52 in the parts truck is maybe 1/64ths of a turn. Whereas, the slop in Crusty's pinion is easily 1/4 turn. Yesterday I popped the cover and discovered this.
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There was a lot of water that came out before any gear oil did. My guess is that water was in there before I bought it in '05. It doesn't look too bad, but I won't know until I can get the axle shafts loose and 3rd member removed.
It's open, not the No-Spin, but most importantly, look at the numbers 9 - 37! That's right, 4.1111111111 gear ratio! That plays perfectly in to the future plans for highway cruising rpms.
And I have learned that 14 bolt brakes will swap on to the HO52 axle.
My original plan was to swap in my '68 Dana 60 with 3.54's, then re-gear later. But this 4.11 3rd member is a win!