Roofman, I went throught his earlier this month. I started a thread on "notchy steering" This is what I did:
I troubleshot this down to the rack by disconnecting each component.
1. Right tierod end to eliminate balljoint and trunnion.
2. Left tierod end to eliminate balljoint and trunnion.
3. Lower/upper ujoint (free and flexible, no binding) to eliminate upper column.
4. Removed rack and found inner tierods to be very tight.Rebuilt/reset to factory specs.
5. Disassembled rack. Found upper and lower pinion bushing to be out of round by .030. And heavy wear on the thrust washers here. Pinion gear itself was in excellant condtion. The book doesn't call out a lateral tolerance but only end float. Replaced bushings and thrust washers, set end float.
Set lateral float of .006 on rack by shimming. It appears the DPO had removed some shims in an attempt to "tighten" the steering and had the rack binding in the tube.
6. Installed in car and found a very smooth rotation from lock to lock.
Your interior column bushings sound worn if the the shaft moves inside and the felt strip and mount are in good shape.
The pinch bolt/nuts (that does not sound right) are located on the metal ujoint connecting the rack to column.
(edited for spelling)
Gordo