Thanks Bill, I got to work on this before seeing your response.
I did some looking around and noticed a small channel at 12:00 on the housing and a corresponding metal roll on the column. After years of too much play as a result of a bad block they wore grooves into each other. I fashioned a channel shim out of some scrap metal and eased it into the channel in the turn signal housing.
http://i103.photobucket.com/albums/m127/59apache/shim_zpswyze2kpo.jpgThe channel shim now holds the housing in place on the steering column roll. This shim also stands the housing off of the column to make up the difference the old block wasn't able to make up. The whole this is pretty happy now. At some point I'll throw in a new block just for better measure.