69 340 k-frame and power steering questions

340 K frames are no different than other small block K frame, except they have a washer welded to the front. That was supposed to signify that the K frame to be structurally improved, meaning that all of the seams, brackets and mounts are fully welded on the K frame. This almost never happened! You’re better off welding all of the seams and such yourself, that way it will actually get done.
I believe that the significant difference is the extra support in the area of the lower control arm pivot shaft. There is a horse shoe looking washer/plate welded around the tube on the back side of the K-frame. This cannot be seen once assembled. The coin or washer located on the front of the K-frame is visible. This only indicates to the quality control inspector that the correct K-frame has been installed. You may disagree.