If it were mine I would go ahead and change the axle. I know some have made repairs with good results but for me this is not an area that I feel comfortable about making repairs. It would always be in the back of my mind every time I drove it down the road . And that's just my opinion.
That how I kind of feel. If my repair wasn't 100% I would be worried.
I had a hubcap come off and miss a kid walking down the side of the road, he happily chased it down for me. A wide five hubcap could do some damage.
I lost an axle in my 58 gmc a couple of years ago, no harm was done but I was on an on ramp to the highway that could have worse. I attribute that to gl5 gear oil and the yellow metal thrust washers on the spider gears.
I have an extra rear and another I can also get ( both are 39 rears).
I wonder if the axles will be the same?
I'm away at work and only discovered the problem the same day I flew out so I didn't spend a lot of time looking at it.
What I think I saw was about 3 or 4 threads completely missing off the axle next to the drum. The nut looked okay but it must of been slipping on the threads next to the slots. Until I pull the drums off I will have to wait and see how much damage is done to the axle. The bummer is both sides where loose and I put about 600 miles on the car since I got it so maybe there is damage there as well.
I haven't been able to read an ratios on the bottom of the banjos but I was thinking the number on the turtle would be another way to conform ratios on a original rear?
Oh yes, I will be ordering clips for the drums and new nuts. Who has the beast quality axle nuts?
For the price on of the split dies would be nice.