Everyone like me that has encountered this style of headstock seams to have the same questions I did so let's look at this ....
Oil wick: well what should I replace the wick with? Some options I have recently found are...
1) Worsted yarn: From what I have seen is worsted yarn was originally used. This should be a good replacement however oil types today may effect it's tinsel strength.
2) Pipe cleaners: Probably not a good idea because of the metal inside them.
3) lantern wicks: I didn't look closely at this one however at face value might be a valid option however again today's oil's may have some effect on it.
4) Round felt: Apparently today's mostly used replacement. A bit harder to work with compared to worsted yarn and maybe requires more oil over the original because of it density.
Just my thoughts above...
I chose 1/4" round felt. Why? Mainly because of today's oil and the oil I chose to use.
Oil type: Well this is always a question in everything lol. Now first I thought how is the oil actually applied to this headstock? I looked at this just like the old babbitt bearing with drip oilers like one would see in the old steam engines. The idea is basically the same that they require a constant flow of oil between the shaft and inside wall of the medium used for the bearing. Ideally I think one should use ISO#6 or ISO#10 spindle oils. My problem with this oil is it's shipping costs in today's market around $20 and availability is usually 1 to 2 weeks I'm seeing. Now some give and take I think was needed and I chose to use 0W-16. It's also a very lightweight oil like ISO#6 however it is synthetic meaning that synthetic may have some effects on the replacement wick one chooses. 0W-16 or 0W-20 is available at most automotive stores making the extra shipping cost disappear and availability today not having to wait for shipping.
At the end of the day one will need to make a choice I think regarding the oil and wick
Now next post is installation of the felt oil wick ...