mikem83

What is this part? It feel like power steering fluid leaking but not sure

Bikespace

That is several pieces.

The power steering hoses can leak. The power steering cylinder can leak. But the most likely culprit is the power steering control valve can leak. Replacements are hit or miss. You also need new steering cylinder bushings.

Not shown, the power steering pump can also leak.

Not an endorsement, but here's one (reman) kit that has all of the parts.

https://www.zip-corvette.com/63-79-3...ufactured.html

Rescue Rogers

i suggest cleaning it all up and seeing what is leaking...power steering is notorious for leaks

Chagjr

Among all of the other issues to repair, I had to chase this leak. Like Rescue Rogers mentioned, keep cleaning until you identify the location. After a year of ownership, hose replacements, and lots of cleaning, my leak was the reservoir. 1968 Saginaw Power steering pump.

Lyndwood

I just went threw this on my '74 and I can tell you this DONT FIX IT PIECE BY PIECE do it all at once. I had a leak on my ram (piston) and rebuilt it, then to find leaking hoses & replaced them to find a leaking control valve, replaced that with a Lonestar rebuilt and it leaked worst ,rebuilt the original control valve (from '74) and then found the original pump leaking ,replaced that with a rebuilt one (online) and finally its all good with No leaks! just pull it all out and do the four R's (replace,rebuild,re-paint and reinstall). and dont forget a new power steering belt why you are at it!