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Re: loose steering
If you have the Standard [manual] Saginaw gearbox, you can try to tighten up the action by loosening the big nut around a slot screw, then tightening up the screw, [but not too hard] then locking the big nut back up.
If this trick doesn't work you may need to R+R the gear box. It can be replaced with new, or rebuilt by you, or exchanged for a rebuilt Saginaw by the parts store.
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Every 25 years I like to rebuild that 292, whether it needs it or not.
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