Shift indicator position

[CURSED GEARS]

Hey! Thought I posted this already, but here we go again.

I took my steering column out to replace the lower bearing. (well, it was missing all together) anyway I noticed the inner cloumn was frozen with petrified grease, So I took the whole column apart and cleaned and oiled and greased until all of the movable parts moved again. I put it back together and shifted it, now my indicator goes left of the parked position. I dont know if it would have done this before the rebuild, as all of the parts were frozen.
I looked on the search function and there is a ton of threads on lower bearing replacement, but no specific information on what I need to know, so here it is. With the column out of the truck and you shift, does the column stop the indicator where it needs to be, or does the linkage to the tranny once its hooked up to the coumn stop the indicator infront of the
"P"? I guess what I'm asking, is did I put it back together wrong, or once hooked up to the tranny will the indicator stop at P as it should?
By the way, I have a 70 Chevy long bed with a non tilt Column, and a 350 tranny.