@Erik thank you for these questions:
"What was the reason for using a VW Petri and did you ever consider keeping the '74"
Second question first: No, I find the factory 74 steering wheel to be pedestrian and cheep, it looks too much like the '77 320i wheel. And I am dubious that it offers much in the way of incremental crush zone protection.
Reason for the Petri hub......
In the middle of my career at TRW Automotive I was the air bag program manager for a number of OEM's during the initial growth period of driver and passenger air bags. TRW had a full sled test facility in Washington MI and we'd test every airbag inflator configuration before presenting the results to the customer. I became friends with one of the test engineers and he's show me the rogue's gallery of sled videos (25k frames per second as I recall). Most memorable was the unbelted 125th percentile males in 35 mph frontal crashes -torso accelerating from 0-35 mph straight into the steering column.
At this point the steering wheel itself is providing the protection of a looped coat hanger as it collapses immediately. Watching is cringe worthy even when you know its only and instrumented dummy. Think about your own ribcage as you re-watch the above clip. Sled footage of unrestrained children in the back seat is particularly hard to watch.
In summary, this experience has become exceedingly pivotal in the remainder of my driving career. Wear a seat belt. Seat belts are 100% effective. The deformable hub on VW petri wheel is a first generation attempt as supplemental measure to lower serious bodily injury. This hub design is the result of millions of dollars of development and testing. I have exceedingly high regard for those engineers at VW/Audi back in the day who developed this specific solution. And in the quality of it's construction. All OEM's have a FMVSS obligation to deliver increasing level(s) of crash worthiness. The aftermarket (hubs) have no such burden.