I realize there won't be a lot of interest in this but it could come in handy for other makes as well. Apparently Studebaker aligned every stick shift bell housing to it's respective engine as it was assembled with no locater dowels like Chevys and others. Some after market blow shields recommend this procedure also. I'm no machinist and I was a little intimidated by the process but I've been able to most anything else so I gave it a go. What follows is how I did it. The whole point is to get the transmission input shaft aligned with the engines crankshaft. To do that the hole in the bell housing has to be centered with the crank. You do that with a dial indicator as shown here. The shop manual says this hole should be concentric with in .004 of an inch. Here is the fixture I made to hold the indicator. It's about as simple as it gets. With the bolts lightly snugged, I set the indicator to zero and turned the crank with a wrench 90* took a reading, another 90*, another 90* and a final 90* to get back to where I started. It had to go up and over some. I tapped on it with a hammer and repeated the process. It was pretty damn close but I used a tapered punch in one of the bolt holes to lever it over the last little bit. It was easier to control the small movement needed. When I repeated the process this time one quadrant was out .001! So now I have to keep it there. I have to pin it in place. The factory hole above the bolt head is where it gets pinned. After the bolts were all tightened and I rechecked the dial indicator I drilled the holes to slightly smaller than the 3/8" dowel pins that I will be using. Then the hole is reamed with this reamer to exactly 3/8" The ratchet makes the job easier. Here's the pin driven into place. The heavier flange on the engine block holds the pin in place when the bell housing is removed. Now every time the bell housing is R&Red it will be in alignment with the crankshaft. Being raised on Chevrolet's and Pontiac's, I'd never seen this process before. Probably something a first year machinist apprentice would do in a machine shop but I'd be a piss poor first year apprentice.