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On the issue of bottom bolt being a "sliding nut"...
Some people thread the bolt in completely and gently tap it out 1-2 mm, this is enough for installation.
In the photo below, it is tapped all the way out just to show it, but you don't have to tap all the way out, just 1-2mm is good enough.
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1998 E39 528i 5sp MT
2006 E53 X5 3.0 6sp MT
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