Hey all,
Previously I had asked what "the Universal" was. Well I found it. It was the universal steering Joint. It is a "U" linkage/joint under the dash that leads into the firewall through a rubber grommet.
Well after searching google groups I found someone who resolved the binding steering problem by lubing the joint and the grommet. I took some CLP (gun cleaner / lube) and sprayed generous amounts on the joint and the area where the shaft enters the firewall. I started the car and gave the wheel a few lock to lock turns and the binding is GONE! Amazing.
To make the story even sweeter, I had taken my car into Pep Boys for a diag. They said my whole rack and pinion and PS pump were "going bad" and had to be replaced... for an estimated amount of $1000. A little disappointed and skeptical I told them to give me my car back and I immediately came to this site. After a little searching, I was able to fix the problem myself for almost nothing.
I hope this information helps someone in the future.
-fellow 3VZ owner