I don't know exactly when the change to an impact absorbing steering column was made...but the '70 Avanti RQ-B I owned had the original design steering column that Studebaker used. Avanti Motors...being a small volume producer...received a temporary exemption from some safety standards from the feds to phase in compliance with safety standards. My car was built in September 1970 so it had to be after that date...likely around 1971 or possibly even 1972 before the change was made.
Does your '72 have an impact absorbing steering column or the standard Studebaker unit?
An option is to buy a modern, custom steering column through Summit Racing or Jeg's. That would be a brand new unit rather than one that might require refurbishing.