If I'm understanding you correctly, I think that bearing ought to take "medium weight machine oil." (Herb, I think you're thinking of the lubrication for the back gear shaft.)
That bearing on my countershaft it getting pretty worn too; it takes quite a load from both the motor belt and the lathe drive belt. I got some new bronze bushings for it a while ago, haven't put them in. You ought to be able to press out the old bushings and press in new ones, no need to drill. Assuming, of course, your countershaft has bushings the way mine does....
[This message has been edited by SGW (edited 10-02-2003).]
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