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I have never owned a vehicle with an NV4500. But, with what I have learned about the NV4500, if I would have owned one that failed, I would have immediately replaced it with a NV5600. In my opinion
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If you really don't want to pull it at this time you could look into one of the 5th gear fixes out there. They usually come with a new 5th gear, a different design nut/keeper. There are a few designs
Well my friends truck with NV4500 has a problem with 5th gear nuts we have fixed it a few times now over a couple years now.
1st repair put a fancy new nut with set screws and 3 small welds about 1/4 inch wide. Mig welded nut to shaft.
Lasted maybe a year
2nd repair he put the nut back on and mig welded the hell out of it, all the way around the shaft. A couple months later on a long trip with trailer the shaft broke completely where the weld was.
3rd repair we put an after market shaft in it with full splines and threads. A very expensive shaft. It had a new washer and nut with it we also replaced the 5th gear. The nut had 3 set screws with little hardened teeth.
We put the thread lock on the nut and set screws and torqued with a long cheater pipe. We were advised NOT to weld anything. I also made a custom spacer on my lathe to go between the nut and transfer case bearing as plan b so if it looses up again at least the gear would still stay on the splines.
Well it failed again on a long trip hauling a medium trailer. No 5th gear the nut loosened and the shaft actually walked forward in the tranny so my spacer didn't help. The shaft moved far enough that reverse has a hard time staying engaged.
Should I weld it. It really needs a keyed shaft with a washer that has an internal tooth on it. Similar to the ones in the rear axle hubs.
Here's the old shaft that broke. That orange stuff is from the gear oscillating on the splines. That movement causes the nut to loosen. The fancy new shaft was supposed to be a forever fix.
Any opinions or advice? I'm getting tired of fighting it.