Joined: Jan 2010
Posts: 9,811
Likes: 1,787
From: Northern California
Bikes: Cheltenham-Pedersen racer, Boulder F/S Paris-Roubaix, Varsity racer, '52 Christophe, '62 Continental, '92 Merckx, '75 Limongi, '76 Presto, '72 Gitane SC, '71 Schwinn SS, etc.
I've had only good luck with just leaving the bearings in old Phil hubs alone.
It surprises me, year after year, as I accumulate more (thousands of) miles on them (and as I accumulate more Phil-hubbed wheelsets).
The same seems to be true of bikes such as Kleins and Viscounts, where old pressed-in bottom bracket cartridge bearings give me no trouble while getting no servicing whatsoever.
This bike's spokes appear to be chromed, so will respond well to the brass wool moistened with a bit of WD40.