Yeah does anyone know what it is? I suspect its something that was popular back in the day, kinda like some miracle putty or something.

Ok, so the big question is, should I pull apart my steering box and column to clean up and grease, or will I regret it? Would doing this improve steering feel? Is it one of those things that once you start you wish you hadn't?
It's not exactly clean on the outside as you can see from the photo, but I don't know if the insides are worth having a look at. Suggestions welcome. Cheers

They are simple as inside and not much to rebuild.

I had mine rebuilt for me, thinking that its complicated, only to find a huge bill and that there is bugger all inside.

The one thing that the rebuilder did tell me was that the bearings are hard to find, which seems a little odd. Bearings are bearings, but they wernt too good at following instuctions either so I take that with a pinch of salt.

Its more likly that most of the steering play will be in the balljoints everywhere else, but rebuilding the steering box cant be a bad thing.