Ford 2n engine part question


This
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Your yellow arrow is pointing at the governor housing. either the leak is from the mounting gasket or the oil line connection to the governor.
 
First, see tip # 39 at the link.

If you own a 60+ yr old tractor, you need a set of manuals. Even a toaster comes with a manual.

That part in your picture is the governor.

If the governor is leaking oil, the housing is probably warped from being over tightened. Pull the governor off and remove the small set screw that you?ll find on the face next to the gear. Grasp the gear and pull the guts out of the housing and set them aside. Lay a metal rule across the cover & see if it is warped. If it is, get a fresh sheet of 100 grit sandpaper, lay it on a flat, true piece of steel, and lap the face of the housing until it?s flat again. Do not get carried away w/ the sanding! You can take too much off. Reassemble and put her back on with one fresh gasket. Permatex Ultra Grey works well as does Copper Coat. Some folks have had good luck w/o any gasket; they use black RTV silicone glue. After both surfaces have been cleaned of oil and dirt put a good round bead of RTV all the way around the governor housing and then bolt it on. Allow about 24 hours to completely cure. And, do not forget to put the short bolt back on top. (tip # 1)
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