Hi,
Boy, do I agree with the other folks about not removing the rear hubs unless necessary!
This is not a fun job. Yours are most likely seriously affixed to the axles after all these years and would almost certainly require some major effort to remove. Even the special tool, which is hard to find and pricey, might not budge them. That means taking the axle/hub assembly to a machine shop, using a large press (probably 20 tons) on them to push the hub off, and hoping for good results.
In fact, it's all too common for hubs to get bent in this process, ruining them. It takes a lot of force to remove the hub from the end of the axle. So, avoid the job if at all possible.
Noisy bearings, or roughness when spinning the wheel, or any side play, would certainly indicate a problem. But I think the primary sign of a problem is grease/oil on the brake backing plate, leaking out of the hub, which will eventually get onto and ruin the brake shoes. This is due to the hub seal giving up, and I would guess is a more common problem than actual bad bearing, or at least an initial sign that the hubs need attention.
Yes, get in there and grease each hub with the zerks. I'd suggest not putting more than 5-6 pumps with the grease gun in each initially, to avoid over-filling, which might cause grease to ooze out past the old seals.
It might be possible to clean the hub bearings withoiut removing the hub from the axle, too, since the entire axle with the hub still mounted can be removed from the axle tube simply by removing the 6 bolts right behind the brake backing plate. With the hub and axle off the car, it would be pretty easy to wash out the bearings, let them dry and repack with new grease.
*But*, I wouldn't necessarily encourage doing this, either.
If the hub/axle assembly is removed, there are two more seals inside the ends of the axle tube that will very likely get damaged in the process and need replacement, too. Also, new locking washers will be needed for the six bolts per side. Plus there are shims used between the brake backing plate and end of the axle tube, to set the correct amount of axle end play and centralize the axles in the differential. If removing the axles, it helps to carefully count the shims and keep the two packs as separate sets for their respective sides, to reinstall exactly as they were removed. But, end play should still be checked (.004" if memory serves) and adjusted if excessive. Even giving the brake backing plates a fresh coat of paint can effect end play quite a bit.
So, all in all, I'd say don't tackle the job unless it's really necessary. Keep the hubs well lubed through the zerks, but not over-filled.
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