Thank you very much for your answers!
The hole is indeed the ventilator hole, but it hasn't got the ventilator in it.I will fix this.
As I said I already removed all 10 bolts on the rear and all 10 bolts in the front.
I did this because I want to clean the inside of the differential. All axles and everything inside are looking good, so I don't want to remove any parts inside.
Can I just clean the inside, put new oil in it, and install front and back cover with new gasket?
Thanks (again)!
The way you are describing the axle, I'm starting to think you might not have an original axle.
Can you see any universal joints where the propeller shaft connects to the axle?
If the answer is no, then you have the original enclosed propeller shaft torque tube and the axle housing that goes with it.
If the answer is yes, then you have an open propeller shaft and the axle housing that goes with it. Which may not be original to the truck.
What you should do is take some pictures of your truck so we can properly identify what you have.
Once we know what you have, it will be a lot easier to walk you through your repairs.
You have to post 5 times before you can upload pictures, you are at 4 post right now, so one more post and you will be able to upload pictures.
There are a lot of knowledgeable people on the Stovebolt forums, that are willing to help with your restoration.
The hardest part is the terminology, knowing what the part is called, after awhile you will be helping other Stovebolters too.