Been awhile since I actually looked at one, but I'm pretty sure that the light bulb is in fact replaceable. Your '79 column certainly should be anyway.
There should be a twist-to-remove module under the steering wheel.
For the steering you need to isolate where the resistance is coming from. This might mean disconnecting some of the linkage.
Were you doing your test with the full weight of the vehicle and the tires on the ground? Power steering or manual?
For testing all the individual parts for excess play, you do want the tires on the ground. But to test for something binding, you want the tires of the ground so you can move the individual components back and forth.
It could be as simple as old bound up axle u-joints, or it could be ball-joints, or it could indeed be the steering box. Only one way to find out though.
And this one way also lets you make sure that the steering gear box is centered when you're going straight down the road too.
So, disconnect the draglink from the pitman arm and steer the box back and forth again. If it binds up you know it's in the box or the column. Disconnect the column from the box because you're going to have to do it anyway and see where it is.
It's very possible someone in the past has "adjusted" the preload screw to take up some slack and turned it too tight. You could then be feeling the on-center position which is tight to begin with, but you'd never know it normally. If too tight though, it will bind up. Time for a look-see inside or a full rebuild.
If it no longer binds up without the draglink, you know it's not the box but instead is downstream in the linkage or components.
If so, disconnect the tie-rod from one or both steering knuckles and rotate each knuckle by hand. If you feel binding in one or both, you've just narrowed it down some more and you know you might as well rebuild the steering knuckle areas.
This includes ball-joints AND u-joints while you're in there.
And speaking of "while you're in there" as we often do, you might as well repack and properly adjust the wheel bearings. You're going to have them all apart anyway, so doing so is a no-brainer.
Good luck.