Ah, well I'm am sure glad I seen oil leaking from it when I did, before the drive to Indy. Pulled both dual wheels off. With the first smack of the hammer to the axle shaft to help get the coned washers loose, the whole hub/drum and axle shaft moved forward and back quite noticeable. Seems the worn out/boogered up nylock nut backed off. That or the threads on the nut and or shaft rounded more

. This probly wouldn't have made it to Indy. I haven't driven it much if at all lately, since fixing the rear brakes.
So.. after some digging I've found an OTC and Euclid tool just like the HIGH dollar snap on tool Philip mentioned above. Euclid tool runs $130, NAPA wants $104. What I'm concerned about, in the tool description it calls it a thread chaser. Not an expensive thread cutting die/piece of equipment etc. Come to look closer at my threads, the first one or two are boogered up, the rest look to be rounded or flat. They are clean for the most part though, you can see they are straight.
Is this spindle gone for, or would one of these thread chaser's do the trick? Will it cut or shapen them or what? I don't mind spending the $100 bucks if it will work. But if the spindle is too far gone, I don't want to buy the tool, then turn around and have to get a new spindle welded on or a new housing altogether.
Philip or anyone know if these tools work ok?