No. Your symptoms point to a slipping clutch* - check the free play on the clutch pedal. Could also be due to oil on the clutch or you failed to tighten the bolts holding the pressure plate properly and they have come loose, or a failure of the driven plate (linings come off), although this is very unlikely.
Missing spigot bush will most likely only show up after some time as a gearbox failure of some sort due to the lack of positive alignment of the input shaft.
If you remove the gearlever support and have a look in the opening at the clutch you may be able to get an idea of issues.
*There are a few other possibilities, including one of the splined joints in the transmission system being completely worn out. If it has a Fairey overdrive, the coupling to this is by far the most likely to have this issue.
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
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