Mechanic Mike,
I have a '54 4400 that I tried adjusting the steering on to get rid of the play. Nothing was working. I found Midwest Remanufacturing and gave them a call. The owner was very knowledgeable and rebuilt mine for what I thought was a reasonable price since I didn't want to tear it open myself. He repainted it too. Looks and feels brand new now. He's right outside Chicago by Midway Airport.
http://www.pwrsteering.com/