If your speedo works and the drive gear and driven gear work in the trans, the easiest way is to correct it is with an adapter. Speedo shops can make them. Find your per cent of error either by using a gps or using the odometer and comparing it to mile markers on the interstate. The 54 GMC parts book lists 75 different adapters. These guys have speedo adapters. http://www.scottspeedometer.com/