steering wheel - alignment

If the 69 has a master spline think about how this works. The only correct way to center the wheel is to adjust the tie rod ends. Now, if there is no master spline, like on the early cars, the only correct way to center the steering wheel is by adjusting the tie rod ends. As far as the cancelling cam, the spring with the pin on the wheel doesn't change position, nor does the cam and the switch in the column. All you are doing is re-positioning the steering shaft in the wheel hub. Do whichever you think is right.

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