Correct.
I have had several of these go stupid - pin one or both needles above some random speed/RPM. I did open one to lube the bushings with clock oil. I don't recall them having any silicon damper but it was decades ago, essentially the bushings got dry and seized I think, dragging the needle around and bypassing the eddy current drive. My rim resealing looked like crap but the tach and speedo worked fine (maybe I turned the odo back a bit as well...). I later bought a good used one, also a new one while they were still available.
If the instrument is stored inverted for long the lube does dribble down the needle shafts, staining the face and messing up the glass. I can definitely confirm that.
I haven't seen any at swap meets for 10 years or so. And I do look for them.
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