Re: What exactly is a slip clutch and how does it work?
Tony,
That should be a hardened roll pin, not some type of shear pin. Shear pins go where you want two shafts to come apart. In this case the shaft splines keep the two components from spinning apart and the roll pin acts as a retainer. If your bolt is too long it can prevent the ORC from spinning when it is supposed to. Even if it's not too long it will probably slip to one side or the other unless it's a press fit.
You should be able to find the right roll pin as TSC etc. Hardware stores also carry them but may need to be cut down a bit (abrasive wheel - not hacksaw)
flathead
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