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Very sorry to hear that your having a time with that clock. I could be wrong, but “Drop”, as I understand it, is the distance from the flex of the suspension spring (Or in your case where the leader connects to the yoke) to the center of the pendulum bob.
Now that you have tried pulling on the collet, does the ratchet seem any easier/better? How bad is the pivot? Bent, scarred up or broke? It can be fixed. Do not despair.
I could be wrong about this also but I would take into account the number of teeth on the wheel. That may be already accounted for but I’d make sure…