I don't know the TA adjustment procedure off the top of my head, but what you did doesn't sound right. There are a couple of older youtube videos on the adjustment procedure, because you can't quite go by the book due to wear in the linkage.
For sure the low side of the TA is out. If your high side is slipping it should take over and pull.
The oil coming from the clutch housing is also a problem. If there's enough to drip there's probably enough to get on the clutches and cause problems.
Now, if you don't want to do a full TA job you can replace the TA clutch, pressure plate, and throwout at the same time as you replace the main clutch, and that will get you the high side of your TA back.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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