Originally Posted by
dsbrantjr
You can make a much finer adjustment when you can see/feel what is going on out at the rim, firmly clamped into the dropouts (or an axle vise) rather than held in hand and trying to hold cone wrenches with your other two hands.
+1
As for hub overhaul and preload setup, this is how I do it:
Bicycle hub overhaul - Ciklo Gremlin
For grease - marine is fine.