Eddie,
I've been experimenting with easier ways to hook up the PTO. As far as grease dragging on the extension of the shaft, it's proportional to the amount of overlap between the inner and outer shafts. So if you halve the amount of overlap, you halve the amount of force required to stretch the shaft when you're in "that awkward position". (don't cut off your shaft yet!) Lately, I've been squaring up the tractor with the implement, but instead of hooking up the 3PH, I pull the tractor straight forward a foot or so, (depending on how much overlap your PTO shaft has to begin with) attach the shaft to the tractor, and back straight up to connect the 3PH. This helps in two ways:
First, you have to stretch your PTO shaft to reach the tractor, which reduces the overlap and, therefore, the grease drag. Ideally, you would pull forward enough so the shaft is within a few inches of full extension when hooked up. And since you prealigned the tractor with the implement, there is no maneuvering required afterward, except backing straight up.
A secondary benefit is more room to work.
I've wondered if grease is preferred for the shafts because its viscosity may dampen torsional impact that would otherwise wear the shafts. (?)
Someday I'm going to mark the shaft housing for the right pre-extended position rather than just guess.
John