Ummm...Dobie I am pretty sure his Bird has the power steering assist in which the drag link is integral with the PS control valve. So disregard the adjustment of drag link. That is a standard steering procedure.
So here's my question for OldRedneck....Did the steering have all this play BEFORE you had you control valve rebuilt???
If so, check loose tie rod end joints and nuts. Also check to see if idler arm bracket is tight on frame and that idler arm bushings are not rotted out. I personally don't like the '56 and later rubber bushed idler arm bushings because if oil gets on the rubber, it causes the rubber to soften, expand and fall apart in a few years. I am still using the '55 and earlier metal bushed idler arm with roller bearings. These can last forever if kept well greased.
Also open hood and look to see if upper horse-shoe shaped suspension arm shims are tight. If any of the bolts are loose, you may have lost shims on the road, not only accounting for loose steering but badly throwing your front end alignment off. This can be temporarily remedied by adding shims to fill the void just long enough to take the car to y6our favorite front end alignment specialist.
Check your steering gearbox worm and roller gear mesh adjustment. Adjust per shop manual directions and re-install cap. Fill the gearbox with 90 wt gear oil.
If the steering did NOT have all that play until after you installed the new control valve, I suppose it is possible that the guy who rebuilt the control valve left some parts out of the drag link inside. That would account for a LOT of play.
In the past, I have always tried to hold a rebuilt control valve in my hand and move the drag link ball stud with my other hand. It should not be loose at all. You can also check it if it is already installed on the car by disconnecting the drag link ball stud from the sector arm and push the whole steering arm upward enough to try to move that ball stud back-and-forth. If it is not loose, it is okay.