So, looking at post #91 you can see the through bolt in the PTO yoke, is really grooved out. I don't think that bolt is really a shear pin/bolt. On my hay baler, there is a shear bolt and only a shear bolt, no key. If you are going to use a shear for any shaft, it needs to be softer than the materials it is holding together so it breaks first under a shock load. Since there is no set screw over the key, I am betting the bolt is simply there to prevent the shaft from sliding forward and off during operation.
Now, since it is so worn (which I think is because it was run without a key for many years), it may put an undue amount of stress on the key and key way. The best move is to probably replace the yoke to ensure a proper load is maintained on the shaft. I am going to drill and tap a set screw on the key for this year. I will replace the u-joints and yoke next year.
I have ordered all new belts for this unit and rather than individual belts, I ordered banded belts. As I understand it, banded belts take shock loads better and have less power loss. I hope for the sake of simplicity and overall reliability, they will work out as intended.