I have always called it the track rod mount too.
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you'll have other stuff that's seized or worn out and you end up practically rebuilding the front end to have something that you can actually do a proper alignment
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That about sums it up and in my opinion it is worth every penny. Not too bad $$ if you do it yourself. I guess it is one of the most common things I have had to do to the old ones that I have had the pleasure of messing with.