This is one of those saw it on Lake link Threads.. I have been updating and bumping every year... So I am posting the original post... In all its glory... Feel free to link or bump...
How to Repack 'em...
1. Take a small file or sharp impliment and make a small scratch or nic where the top of the spool meets the shaft wire to use a referance for reassembly. (Basically this helps you when you put it back together, U snug the spool to that spot to reassemble) Marker may work, but when I heated my first one, I burned it off. (no reason to torch the spool anywhere but the soder spot)
2. Use a torch on low heat to loosen spool. When it comes off, hold the tube over old rags and heat. The old lube will bubble out. Run a paper towel or old towel through the spool to clean it up.
3. Take the spool off and clean the shaft very well of the old crusty grease and rust. Any type of torch, I have used a propane, a soder gun, I used a creme Brule torch once, it worked like a charm...
4. Fill shaft area with bluelube and replace spool, leaving about an 1/8" gap between spool and bushing. (I was told that rule of thumb, one bottle of Blue-Lube, made by HT, will do almost two tip ups. So if you are doing more than one, keep this in mind. It is about 2-3 bucks a bottle.) If this is the first time you repack, you will mess up, and it is nice to have some extra lube...
5. Reassemble, match up spool to nic or scratch you made. Heat the solder back up and wait till it sets. You might have to add a little solder to it, but if you are careful you won't.
The first time I did it, took a half hour, This year, 20 minutes to do 2... I had to use my left over lube from last year and one full bottle of lube to fill two... Did notice the older Beaver Dam took slightly more lube than my two year old model.