Tim,
Yes, that is what I have on the COE.

My only experience with two speed rear axles is my two trucks, neither of which are ridden hard now. My COE had 90K+ miles on it when I got it and the vacuum control still worked. The Diamond T only has 23K on it and never had a problem. For a professional, like Crenwelge, I suspect reliability was a problem and I respect his opinion. For a hobbiest or light use, my previous comments are to encourage the owner to maintain the system, if possible, as it is useful to have available the gears the engineers originally designed.
Kent


1937 Chevy 1/2 ton
1942 Chevy 1/2 ton
1947 Diamond T Model 509
1951 Chevy 1/2 ton
1950 Chevy COE Model 5700 ~ "Barney" ~ And more pix