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Not sure about the OD light, I have a manual tranny.
IPR O-Rings will be cheaper from International than Ford, the International kit for my 95 (you do not say what you are working on but we can make asusmptions from where you posted) was $11 in June of 2003. Time to do the repair I would guess 2 hours with a break or two. I have a good set of instructions from Coach Davis if you need them. Email me at Believer45@gmail.com with IPR O RING REPLACEMENT in the subject line, tell me what site you saw this on and what email address you want me to use and I will reply with an MS Word attachment.