Hi Anders,
For some reason when i saw that, i thought why not dissassemble the column. Then with a cutoff wheel, chop that goofy assed thing off, file the metal slightly concave, fill it with JB weld, do some body work to it and paint it. Essentially eliminate it. That is unless you want to have one key to unlock the column, and another to start the car. Seems like an inconvienence to me. I would remove it. I did something similar with my column. It was a 3 speed manual on the column. I cut the shifter nub cast into the collar off, filed everything concave, cleaned the old grease out of the cavity, and plugged it with JB weld aluminum epoxy paste. Then i filed it to shape, smoothed it out with a skim coat of auto body filler, sanded and applied a high build sandable primer. Then wet sanded and applied a nice semigloss black enamel. You cannot tell that a.column shift was even there.
Also noticed your craftsman wrenches. Do you have Sears in Sweden? I have a set of craftsman SAE wrenches my dad got me for Christmas when i was 12 years old to get me started. They are inventoried in my tool chest at work, and i use them every day. I am 46 years old now. I will probably use these till the day i die. Great wrenches.
Matt