Torqueflite Question

Welcome to FABO!

From your picture it appears to be dripping in the center. More than likely a rear main seal. Could also be the oil pan gasket. Folks have a tendency to over tighten oil pan gaskets and create a warped pan rail and leaks. When you have the pan off, check to see if the rails are flat. I normally turn the pan upside down and hammer down around the holes. When reinstalling, I put a day of "Right Stuff" in the back and front corners.

A couple other places that can leak are the oil pressure sending unit that is beside the distributor and the valve covers. Those two can be deceiving.

Good luck. I'm sure after degreasing and driving a little you'll have a better idea where the oil is coming from.

As far as the dust shield, yes it should be installed. My is hanging on the wall. I don't daily drive and try not to get caught in the rain so I'm not in a huge hurry to get it back in.