I just replaced my output shaft seal with speedisleeve - this can leak a lot and will soak your hand brake shoes. See link below.
It also leaks very slowly from the big Central nut that holds the drum in place (behind the prop shaft) and this just needs a bit of sealant on the shaft - quick fix.
The speedo cable should be above the level unless your internal seal is gone as suggested above - how much is it leaking?
I'm sure this job has been done to death already here, but I've struggled to find a few snippets of information while researching the Transfer Seal Change, and so I thought I'd start a new thread to try and help anyone else in the same boat. I have a 1977 HJ45 with 3.6L H engine and H41...
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