Did you think to check with Phil Wood?
http://www.philwood.com/support/faqs.php
If the BB has been in there since '78 I would ask then about putting new bearings in since tit is already out. I am sure it doesn't need them but a little preventative maintenance (PM) can go a long way.
Also since you torque the 'cups' against the BB and each other I would,
and do, use the recommended locktite. I normally just use grease on everything steel and antisieze on Ti.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk