Whilst waiting for some machine work help on the 8XE I have decided to start looking at the two speed but only as a fill-in. The real work won’t start until the 12 is finished (or approaching finish).
This is a nice original two speed hub but has several parts missing and will need some remedial work. It already has a replacement throw out plate and clamping ring and will need a new set of clutch discs.
The brake drum has had some wear over the years and the mounting tabs need attention. The drum itself is badly worn and the surface pitted. It could be skimmed but is already very thin. Metal spraying could be the solution but the tabs will still need work. Perhaps a replacement part would be better.