ah ok.that's not a code.that sounds more like a short.you can remove the plastic around the steering wheel column to see if the od light wiring is chafed up there too.id be looking all over the whole harness for chaffed wires very meticulously.

 

Will that cause a shifting problem

 

Yes it can . I speak from experience on this one and it cost me a good bit of money cause I didn't take my time .

 

Vehicle Level Transmission and Drivetrain Technical Service Bulletins Customer Interest Electrical Systems - Multiple Malfunctions
Electrical Systems - Multiple Malfunctions
Article No. 92-22-5 10/21/92
LIGHT TRUCK: 1992 BRONCO, F SUPER DUTY, F-150-350 SERIES
ISSUE:
The transmission control switch wiring may be misrouted causing a short in the steering column and a blown # 17 fuse. The following symptoms may be associated with this concern.
Early shifts
Loss of power
Poor acceleration
3-4 shift cycling
Transmission control light cycling ON/OFF or inoperative
Transmission control switch inoperative
Rear Anti-Lock Brake System (RABS) electronics (dash lights on, etc.) inoperative
Loss of instrumentation (tach, fuel gauge, etc.)
Unable to read Self-Test codes (solid tone only)
ACTION:
Inspect the transmission control switch wiring for damage and repair or replace as necessary. Refer to the following procedure for service details.
1. Remove the steering column cover. Refer to the 1992 Bronco/F-Series Service Manual, Section 11-04B, for the removal procedure.
2. Examine the transmission control switch wiring for damage, Figure 1. (I don't have this Figure)
3. Repair or replace the wiring as necessary.
4. Install the steering column cover. Refer to the 1992 Bronco/F-Series Service Manual, Section 11-04B, for the installation procedure.
CAUTION:
DURING REASSEMBLY, ROUTE WIRING AWAY FROM ATTACHING SCREW SO AS NOT TO PINCH OR DAMAGE WIRE.
OTHER APPLICABLE ARTICLES: NONE

 

Thanks 250 for posting that . That would would be good thing to add to FAQ at the beginning of forum.

 

I will look at the wireing as soon as I get home from work today haven't had much time to mess with it last couple of days the od switch is on eBay for 11 dollars might as well replace it to since the end cap is missing

 

All the wires looked good in the steering column but the terminals to the od button were a little corroded so I ordered a new one it seems to be shifting at the wrong times it goes through first fine then goes straight from second to third then won't shift past that.