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You must be steering with one wheel not both, should only be the 2 tie rod ends to undo one on each end of the broken bits and may need to use a hammer to crack the rod ends as the have a taper and are designed to lock in, and re fit new bit. I wouldn't drive it until its fixed. Tempoary fix if parts not available is to used a bit of tube to put over the broken bit and weld it up, as I said tempoary fix.
It looks like the steering dampener.... but the photo's are not that clear... you need to confirm both wheels turn when you turn the steering wheel...When stationary and engine running (helps to have the power steering working) That will rule out a steering rod....
It is the steering dampener then. Like a shock absorber... they do fail....Get it replaced soon. As you will get shimmy in the steering wheel... And it isnt the best of feelings at speed....In the mean time Remove it so it doesn't jam up your steering !!!
This will not be the same as your set up however you should get the idea of what part does performs each function and how the wheels are coupled together with an intermediate rod and tie rods. And are then are moved by the steering box [or idler] rotating a pitman arm or similar and the other end of the relay rod which is connected to the longest tie rod with a hole section where the relay rod connects to the tie rod and at the other end to the pitman arm
OE steering dampers are tiny compared to the aftermarket ones you will get and they do break, that looks like OE so would be over 20 years old. We don;t see many coily 70's here, there is more getting around though. I think I have worked on one when I was on the tools. The heaviness is a concern, usually without a steering damper would be fairly easy to turn. Could be the broken bit fouling on something. ONCe you remove or get the new one let us know how it feels then.
By the way you describe it going from the rod to the round bit of the axle (diff) This is what you have broken...
This is from a KZJ78 but its the same as yours...
The red bit is an aftermarket steering dampener (EFS) which is for an 80 series (from memory).... but it fits ok.
Steering damper is an easy fix.
Your set up is ass about to mine, damper is in front. cool