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I have the same problem in my rack in my 39 Studebaker Coupe Express. It uses a T bird rack that has been rebuilt. My rack in my Cobra is the same rack but is not rebuilt and is perfect.
I tried adjusting the big preload screw but did not really impact it much. While tolerable in the much slower reacting truck it would be unacceptable in a Cobra.
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Cobra loving, autocrossing Grandpa Architect.
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