aterpster
All too well. I was at an AF Standards Agency conference where we were briefed by none other than Jepp's VP who has a last name remarkably like your handle here. Long briefing on that accident and related discussion, lots of good information that changed AF policy. Much to my relief.
OzExPat
I believe it was a TWA/United mid-air over NYC that brought about three changes:
DME required in the PCA (Class A airspace, now)
Report all navigation malfunctions to ATC
Slow to holding airspeed 3 minutes prior to the fix.
IIRC UAL overran the hold due to DME failed and was cross-tuning, let the speed get away and sped past the fix. EMPIRE, I think.
So, yes, slowing is very desirable and required, as is using the entire procedure to be configured prior to the FAF.
GF
PS Did the ark sail in 1967? Ha Ha