The red thingy is the torsion bar adjustment bracket that mounts to the middle crosbar of the frame. The hole through the frame is for the exhaust pipe after it leaves the muffler.
The front suspension on the left is starting to look like it might actually function someday. It is actually not assembled. It is merely sitting in position as I await the lower ball joint shims and the rubber boots that cover the ball joints called gaitors.
Other news: the block flunked its pressure test after being hot tanked. There is a small crack on the right upper center adjacent to the top freeze plug. It is not bad, and can be plugged. There were no other cracks or porosity problems. So now I need to track down a new crankshaft and rods and pistons. I am trying to get a newer matched set crank and rods. and will be looking for a new set of pistons. Rather than the standard 8 to 1 compression ratio, I think that I will get a set of at least 9 to 1. Gas is better these days than it was back in 1950. Also the block will need to be decked, which will increase the compression some as well.
I also got the steering column back and will start to tear it down. It needs gaskets and seals at a minimum.
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