Be sure the telescoping part of the cutter is well lubricated. If not it can exert great force on the in and out of the PTO shaft. Maybe making the new one move ever so slightly.
I just last week helped a friend who could'nt get his cutter shaft to move in or out to hook up and found it was a three sided shaft and had never had any grease on it and had worn so much that it was about to start slipping on the three sided spline and had locked up.
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