The only cranks with the small diameter converter hole are the '60-67 slant 6 and the '64-7 273's. If you pull those early engines out and replace it with a '68-up version or a different size early engine (ie. 318) you'll need the bushing to take up the space between the converter hub and the edge of the crank hole or the converter won't be centered. (unless you're really lucky!) The result of not doing this is usually a broken flex plate and/or engine vibration.