Initial Torqueflite tear down findings

Well this is a disappointment. I'd like to have tried this converter for street use but the snout has a lot of wear. Too bad, because the old Fairbanks probably isn't worth getting repaired. I'll replace the pump bushing with a babbitt one:

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That’s a shame. Converters aren’t cheap. But yes there is a lot of wear on that snout.

Do you plan to just rebuild the valve body and put it back in service?