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My first step in bringing back Penny the Bugeye is to remove and rebuild the rear axle and rear suspension (got to start somewhere). Here's what I'm thinking is likely, would love comments/edits:
- Diff (switching to a rebuilt 3.90)
- brake lines
- bearings
- rear brakes, switching to later housings to better match front discs
- clean/paint housing
- shocks
- springs (? worth keeping old ones)