Well, the cruise switching is a separate circuit from the starter lockout; that switch is, in effect, two switches in one. Jumpering would have the opposite effect; if the cruise contacts are jumpered, the cruise would work but would NOT interrupt with the clutch pedal. But now you mention it, if there's a LOT of slop in the bushing at the pushrod, it could be to the point that the cruise contacts don't close when the pedal is all the way up. (Cruise contacts close with the pedal all the way up; starter contacts close with the pedal all the way down.)
One cheapo fix is to cut a piece of 1/2"OD x 7/16"ID brass tube stock, and use it for a bushing*, then put a 7/16" drill stop collar on the end of the "knob" that goes through the eyelet. The more elaborate fix is a Heim joint that replaces the eyelet on the pushrod (requires cutting the eyelet off). Search eBay for something like "Ford clutch heim joint".
*Edit - I couldn't find this stock, so I "stacked" two pieces of tubing for an effective ID of 7/16" and OD of 1/2".
Last edited by madpogue; 01-09-2012 at 02:19 PM.