I have that same coupling on my 71 and it clears. You need to see if the input shaft is able to move in and out of the trans. My guess is that the bearing or the retaining ring just behind the seal are your problem.
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2264 with 54 GT deck
1641 AKA Black Jack with a 402-E Haban Sickle bar mower
JD317 dump truck
BX2670 with FEL
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