I will not go into the specifics of actually rebuilding the whole NP205, since there is a couple good threads that cover this already. Here are a couple site links to the threads I used to help me rebuild my NP205.
http://67-72chevytrucks.com/vboard/show ... p?t=469726
http://www.fourwheeler.com/how-to/trans ... sfer-case/
OK you first need to pull the transfer case and get it on the bench, I will assume if your reading this that you know what your doing, and can remove a NP205 from your vehicle without anyone holding your hand.
First is getting the adapter off. I had to use a universal and a long extension to reach the bolts.

You can see the threads have a sealant on them.












































