I appreciate all your input. I'm not hitting any obstacles other than the occasional piece of ice. Living in Michigan's snowbelt, we are always plowing snow 12" or more deep. The augers seem to turn freely, but I'll get the grease to them just to be sure.
The original shear pins looked to be made of a bronze type material. Now when I buy the MTD brand pins required in the snow thrower schematic, the pins seem to be made of galvanized. Good point about how tight the pins are, that's something I'll have to check.
I've considered going to a machine shop and having a gear custom made out of steel. I'm not sure if this would damage the thrower or not.