On some cassettes you can repack the bearings without removing them. I have never been able to do it with a freewheel. It is much easier with the Cassette / freewheel off. My LBS removes them for $5. Easy to put back on. If you think you will be doing this a lot then buy the removal tools. You can clean the freewheel while it is attached to the wheel. I use Mineral spirits and a good thick rag (NOT RED!! Don`t ask how I figured that out.). Just get the rag wet and wedge it between the cogs and pull back and forth. Clean them the same way when removed.
That bike is in very nice shape. Great find. A nice Brooks Saddle would look sweet on that bike.
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My bikes: 1970`s Roberts - 1981 Miyata 912 - 1980`s Ocshner (Chrome) - 1987 Schwinn Circuit - 1987 Schwinn Prologue - 1992 Schwinn Crosspoint - 1999 Schwinn Circuit - 2014 Cannondale Super Six EVO
Last edited by Steve Whitlatch; 08-08-14 at 11:03 PM.