+1 It's time to rebuild the wheel
Those aren't o-ring seals of any kind. They're structural eyelets riveted to the rim. The nipple head is now resting in an oversized hole with nothing to spread the load. The rim is well on the way to the end. Soon cracks will appear then the nipples will pull through.
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Chain-L site
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“One accurate measurement is worth a thousand expert opinions” - Adm Grace Murray Hopper - USN
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