Drained the milky power steering fluid today, let it drain for about 3 hours. Then I put one quart of power steering fluid and one quart of cheap ATF and then ran the RTV for about 5-8 minutes around the farm to try to get rid of all the water in the system. Drained it again and 4 hours later, it was still dripping white milky now slightly red mixture. So I'm going to let it drip overnight, then get some more cheap ATF to put in it tomorrow to flush all of it out. Assuming I can get all the milky stuff out, I'll then refill it with SUDT. I also tightened up about a dozen or so various bolts on it.
Then I plan to replace the antifreeze and change the oil and perhaps the fuel filters. I have the filters from the auction where I won the farm, the previous owner also had an RTV, albeit a lot newer version.