I finally got around to working on the M41, upgrading the internals of the gearbox so that it is now a close ratio version of the M41. I used an original R sport gear set that I picked up a while ago.
Regarding the speedo issue, I finally solved that problem as well.
Here are some pictures of the insert that goes into the rear of the overdrive unit...


The one that was originally in the transmission (top photo) was the one on the right. I found the left one in another J-type overdrive (it was actually part of an M46). Not sure what year it was off, but fitted perfectly, and allows direct fitment of the standard end of a 122 speedo cable. I had another M46, but it was off a later 240, and the hole was blanked off ('87 model I think).
Now I have a pair of J-type M41's for my 122 rally car, one standard 3.13 ratio first gear box, and this one with the 2.62 first gear, which should work well with the 4.88 rear end.
Now to get yet more work done on the rally car (separate thread).