" . . a friend who builds and restores a lot of high end cars and he told me that it is not unusual for these gear boxes to fail. . ."

Are you referring to the original steering box, or to: "The power steering was on the truck when I bought it is either A GM or ford sector and it is mounted on the outside of the frame it has the gold bracket that mounts to the back side of the LH backing plate, the drag link sets very close to horizontal and the drag link is adjustable and it runs front to back."?