I've had this old 704 for some time and have been gradually getting it back to running order. The 5046 transmission was completely shot, no doubt run out of lube due to leaking seals. Axle, input and brake shaft bearings were toast along with their seals.
Found a nice 5025 out of a Lawn Ranger and re-sealed and painted it along with a diesel flush and fill with 80-90 and a new shift boot.
Pulled all the sheet metal for painting and crack welding in the typical places. Ordered a set of decals from http://www.redoyourhorse.com/
and installed them in the proper locations along with the proper off-on toggle ignition switch and correct throttle and choke cables. The gas tank was cracked and I finally found a replacement with the same dimensions the only difference being it had a screw on cap where the original was a 1/4 turn, but I can live with that. New pair of 6-12 Carlisle Power Lugs and the old girl was back on her feet again.
Finished the reassembly yesterday and terrorized the neighborhood with a few high speed passes (about 5mph tops).
I think this one may see a lot of use putting around the Portland shows next year.