I have been driving my K around with the power steering pump disconnected for months, and I have done this before no ill effects. This is my second leaking rack, except mine basically losses all fluid within 3-4hrs and leaks at both boots.
I am thinking I will just replace it with a fast ratio rack from a C/S Package Daytona, apparently you can get these remans at any auto parts store and I doubt they will know the core is not the same.
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Patrick
05 SRT-4: Daily Driver, 11.9@117.4
88 Aries: 2.2L Turbo (Powered by Megasquirt II)