Thank you for your response.This post has been edited. Please see below in red.
My comments were based on STOCK friction materials that are in the clutches. I should have said that. If you are using modern clutches, I would ask the supplier what friction material they bonded to the steels. My background is I'm an engineer so these sorts of nuances are interesting to me. I'm pretty sure my clutches are OMC, and given how expensive new ones are, I want to milk as many hours as I can from them. That being the case, a fellow engineer and I did some did some looking back at both dry and wet friction materials years back for these types of questions. Dry for brakes and wet for clutches like what's in a torque convertor and the clutches in your Owatonna. For example, you really shouldn't use modern friction materials with original or NOS brake drums in old cars (I'm thinking before the mid-50s or 60s). Their incompatibility leads to heat checking and warpage of the drums. Every modern brake should has a series of letters and numbers that tell you that information.
I'm going to go engineer now. Back to Type "A" suffix "A" ATF. Are you running new or old clutch friction material? If old, those friction materials are not going to be "as" compatible with the newer stuff. I hope I said up to Dexron III (H). After the specification H, the viscosities change as well as additives, synthetics, etc. My comments were based on documents from the API (American Petroleum Institute), SAE (Society of Automotive Engineers), and more. Here is an example "Friction Characteristics of DEXRON®-III Automatic Transmission Fluids", the link is *here*. Will Mercon hurt the clutches? I don't know. I do know I want my clutches to last as long as possible, and the Type "A" Suffix "A" is it. To close this out, the blend you are referring to may be past the "H" specification.
Cost. Have you checked any local farm stores for Dexron III? The farm store I go to in South Dakota has THE most inexpensive ATF (straight Dexron III) and they only sell it in 5 gallon pails, cheaper than any FLAPS (favorite local automotive store). Assuming of course it follows the specification. Try looking there to save some coin.
Now I get to be the old man I am. The old fart in me says it's probably not a big deal... up to a point. I'm where you are. I'm debating buying the cheapest stuff I can find, run it for awhile, then *maybe* switch to a more trustworthy brand??? There are at least $2,400 in clutches that may justify it. But 25 (or whatever it is) gallons of ATF is a lot of $. But I'm letting the engineer back into the discussion.
OH, and by the way, watch your brand of hydraulic filter CLOSE. I bought a FLAPS one (for the application) and I can't remember the numbers, but it's filtering capability was not-so-good. Like twice the microns of a John Deere filter. If I can find those numbers (including OMC's spec), I'll post them.This may cause a debate but I only put OEM filters in stuff that is important to me. Like a CAT engine, Cummins, etc. I am of the opinion that the OMC Mustang is important to me and John Deere or Fleetguard will go in it. <-- Edited. I found those numbers and I was wrong. Napa, Wix, Fleetguard, etc. seem to all be right around 25 microns. So, FLAPS are just fine. Sorry for the wrong information.
Regarding the bushing. You got that right, wow are they hard to find. I was fortunate to have the time to camp on eBay long enough to score them fairly inexpensively.
Have fun! Please post pictures if you can.
Al Jones
South Dakota
Kind of funny that dexron in a Chevy product and merc is a Ford but call for the Dexron. My clutches are original so it's type a for me but it's going to be a challenge finding Dexron without the Dexron/Merc labeling in my area (pa) as just about all reasonably priced 5 gallon pails carry the duel names. The average price is about 85-100 per 5 gallons for the fluid with the Dexron/Merc mentioned on the label. Online I can get much the same. I think I am just going to toss dice and buy what's available.
I am also missing that battery cover, sorry. Steve