if you do need to remove the pan, yes it will drop out with the eng in place(I 6 position on a sb). i sure would check all of the other options 1st tho. you might also look at the seal on the front(for balancer). they seem to be a pretty good suorce for an oil leak ,if the balancer has a groove worn in. felpro puts out a repair kit for that, that covers the seal & includes a "speedy sleeve" to drive onto the balancer. Best of luck,crazyL 
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69 longhorn,4" chop,3/5 drop, 1/2 ton suspension/disc brakes,1 1/2" body drop,steel tilt clip, 5.3/Edelbrock rpm intake/600 carb, Hooker streetrod shorties,2 1/2" exhaust/ H pipe/50's Flows , 6 spd Richmond trans,12 bolt/ 3.40 gears....
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